Qualcomm to buy NXP for $39 billion

It’s been confirmed that Qualcomm has agreed to buy NXP Seminconductors in a deal worth $39PHP 2,289INR 3,305EUR 37CNY 284 billion.

Qualcomm is the largest chip manufacturers for smartphones while NXP is also a huge player in the automotive industry. Last year, NXP bought out Freescale Semiconductors (a rival company that started out as a division of Motorola until it divested in 2003) for $11.8PHP 692INR 1,000EUR 11CNY 86 billion.

With NXP in the fold, Qualcomm is expecting to enter the automotive industry as it diversifies its business.

qualcomm nxp

Abe Olandres

Abe is the founder and Editor-in-Chief of YugaTech with over 20 years of experience in the technology industry. He is one of the pioneers of blogging in the country and considered by many as the Father of Tech Blogging in the Philippines. He is also a technology consultant, a tech columnist with several national publications, resource speaker and mentor/advisor to several start-up companies.

https://www.yugatech.com

2 Comments

faqcheq says:

8 years ago

$39 billion or $47 billion? Source: http://phx.corporate-ir.net/phoenix.zhtml?c=254228&p=irol-newsArticle&cat=news&id=2216426&ftr=1&subcf=Footer%3A%20NEWS
- Reply

Abe Olandres says:

8 years ago

Inclusive of debt worth $8 billion.

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