Qualcomm has abandoned its $44 billion deal to buy Dutch chipmaker NXP Semiconductors after China held up approval of the transaction for more than 20 months. The death of the deal means that Qualcomm will buy back up to $30 billion of its stock in an attempt to raise share prices. China dragged its heels after the Trump administration imposed tariffs on numerous Chinese goods and China retaliated. Experts say China withheld approval of the sale to gain leverage in negotiations with Washington. Continue reading Qualcomm Kills NXP Acquisition in Wake of China Trade War

The global economy is getting back on track, says CTA senior director of market research Steve Koenig, but tech spending is down, with growth moderate or negative in key sectors including TV, smartphones, laptops and tablets. The strongest U.S. dollar in 13 years makes it “unfavorable to conversion of global currencies.” “GDP growth is moderate and uneven,” he said. “We see disparate fortunes between advanced markets and developing economies. And everyone is dealing with the slowdown in China. It’s a very, very mixed bag.” Continue reading Global CE Industry Impacted by Strong Dollar, China Slowdown

In an effort to expand the company’s software capabilities, Samsung announced that its Tizen operating system would be widely adopted in its smart TVs beginning this year. According to the company, the Tizen operating system will allow Samsung’s Internet-connected TVs to sync with other CE devices, including smartphones, via a Wi-Fi connection that enables content sharing. While availability has yet to be announced, the Tizen-based televisions will be showcased at the 2015 International CES next week. Continue reading Samsung Plans to Demo Tizen-Powered Smart TVs at 2015 CES