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  Technology   In Other news  14 Sep 2018  Qualcomm aims for USD 16 billion in share buyback

Qualcomm aims for USD 16 billion in share buyback

REUTERS
Published : Sep 14, 2018, 9:06 am IST
Updated : Sep 14, 2018, 9:06 am IST

Qualcomm is seeking to compensate investors for the collapse of its $44 billon acquisition of NXP Semiconductors.

Qualcomm has targeted USD 16 billion share buyback.
 Qualcomm has targeted USD 16 billion share buyback.

US chipmaker Qualcomm Inc said on Thursday it would buy back about $16 billion of its common stock as part of the previously announced $30 billion stock repurchase plan.

Qualcomm is seeking to compensate investors for the collapse of its $44 billon acquisition of NXP Semiconductors in July due to Chinese opposition.

 

(Source)

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