Qualcomm announces growth in latest quarter, pulls out of NXP acquisition

Qualcomm announced its results for the three-month period, ending on June 24. Both revenue and operating income have grown on a quarterly and yearly basis, but another announcement also grabbed our attention - the San Diego company is pulling out of the NXP acquisition after failing to obtain agreement from Chinese regulators. Qualcomm wanted to purchase the Eindhoven-based NXP back in February for $44 billion. The San Diego chipset manufacturer got approval from 8 key regulatory bodies, but the 9th and last one - the Chinese State Administration for Market Regulation with the...



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