Qualcomm (QCOM) is having trouble getting clearance for its acquisition of NXP Semiconductors (NXPI) from Chinese government regulators, who might be holding up the deal in retaliation over recent U.S. trade sanctions.
Qualcomm shares sank 4.6%, near 52.70, in midday trading on the stock market today. The stock drop followed a report by CNBC that the company is "very concerned" about the fate of its NXP acquisition. NXP shares dropped 3.8%, near 108.70.
China's antitrust regulator...