Hedge fund manager Elliott cuts NXP exposure after Qualcomm deal fails

(Reuters) – Hedge fund manager Elliott cut its stake in NXP Semiconductors (NXPI.O) after Qualcomm (QCOM.O), the world’s biggest maker of chips for mobile phones, called off a $44 billion deal to buy NXP last week, a recent filing with the U.S. regulator showed.

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