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Business deals

Qualcomm not the last victim as US-China trade war intensifies

Deals by United Technologies, Disney and Carlyle still await Beijing's approval

Qualcomm's bid might not be the last to founder as Beijing reaches for ways to respond to U.S. President Donald Trump's threats to raise tariffs on virtually all Chinese imports   © Reuters

PALO ALTO, U.S. -- Qualcomm's ambition to become an automotive chipmaker ended in smoke on July 25, after it failed to secure approval from Chinese authorities to take over NXP Semiconductors, becoming another high-profile victim of the Washington-Beijing trade row.

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