In what was reportedly set to be "the biggest semiconductor deal globally," Qualcomm announced plans to acquire NXP Semiconductor back in 2016. But, as U.S. and China relations deteriorated, the Chinese government later claimed they would block the deal, and Qualcomm announced that they were abandoning the effort. Yesterday, China's president said the Chinese government would let the deal go through after all, but a Qualcomm official insists that the deal is is still dead. "Qualcomm considers the matter closed," a Qualcomm spokesman said. "While we were grateful to learn of President Trump and President Xi's comments about Qualcomm’s previously proposed acquisition of NXP, the deadline for that transaction has expired, which terminated the contemplated deal."