This isn’t helping sentiment or the US dollar.
“Amid escalating trade tensions, China is holding up deal reviews that could clear the way for U.S. companies
and Bain Capital to make multibillion-dollar acquisitions of
semiconductor companies, people familiar with the matter say.”
The report says a Qualcomm takeover of NXP along with Bain’s purchase of Toshiba’s chip unit won’t move forward amid the looming trade war.