Qualcomm begins layoffs, trying to cut $1 billion, and its NXP bid faces objections in China

Qualcomm Inc. has begun notifying workers of layoffs at the same time the San Diego chipmaker’s $44-billion bid to acquire NXP Semiconductors is running into problems getting antitrust clearance from China.

Qualcomm, a leading provider of chips for mobile phones, did not specify the number of employees...

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