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NXP Semiconductors followed Qualcomm Inc in announcing share buybacks worth billions of dollars on Thursday as the companies sought to compensate investors for the collapse of their $44 billion merger due to Chinese opposition.Qualcomm shares rose 4 percent in morning trade on Wall Street, while NXP shares fell 7.5 percent – a level the company has not seen since Qualcomm made a bid for the company in October 2016 .NXP Chief Executive Richard Clemmer, announcing a $5 billion share buyback, said the experience would put his company off looking at any big transaction in the near future.He called China's treatment of the company "unfair," and said he had expected the lifting of a ban on U.S. chipmakers doing business with ZTE would clear the way for the NXP deal.
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