After Qualcomm-NXP deal scrapped, China says still open to talks – Reuters
What happened: After China’s State Administration for Market Regulation abandoned the Qualcomm-NXP merger on July 27, China’s market regulator said the next day that it is still open to talks and hopes to find a solution.
Why it’s important: The collapses of the deal could aggravate tensions between US and China amid the trade war tensions. However, the ambitious attitude from Chinese authorities makes it unclear whether or not the deal is completely scrapped. If the $44 billion merger was revived, it would be the biggest semiconductor takeover globally.