Qualcomm CEO says NXP deal likely stuck in China; NXPI -3.1%

• NXP Semiconductors (NASDAQ:NXPI) drops 3.1% after Qualcomm’s (NASDAQ:QCOM) CEO tells The New York Times the acquisition deal is likely caught in the China trade war ahead of the July 25 deal termination date.
• Steve Mollenkopf says the company could prosper without NXP and plans a stock buyback of $20B to $30B if the NXP deal doesn’t happen. 
• Qualcomm would owe NXP a $2B breakup fee. 
• Qualcomm shares are up 0.4% to $59 premarket.     
• Previously: CNBC: Qualcomm could walk from NXP deal on July 25 (July 12)
• Previously: NXP Semi -2.5% on reiterated report that Qualcomm could walk (July 17)
• Previously: Qualcomm should walk away from the walk date - MS (July 18)