Qualcomm-NXP Deal Said to Receive Chinese Regulatory Approval

The transcript discusses the approval of a deal by China that is crucial for Qualcomm, highlighting its potential jeopardy due to US-China political tensions. Qualcomm has been affected by these tensions, both negatively and positively, as they have delayed a merger and prevented a hostile takeover by Broadcom. The discussion also touches on the perception of a quid pro quo between the US and China, particularly concerning ZTE, and the legitimate antitrust concerns that exist. The market's reaction to these tensions is evident in the fluctuating share prices of NXP and Qualcomm.

What is the perceived relationship between President Xi and President Trump in the context of the NXP merger?

What impact do increased US-China tensions have on the NXP deal according to the text?