Qualcomm Reaches Deal To Acquire NXP
Qualcomm today announced a deal to acquire NXP Semiconductors for $47 billion. NXP is a co-inventor and key patent holder of NFC technology. Qualcomm already integrates NXP "secure element" technology into its Snapdragon chips. NXP is the fifth-largest semiconductor maker, (excluding memory chips,) having purchased Freescale just last year. NXP is also a leader in chips for automotive networks, IoT, and most types of wireless radios. Qualcomm will purchase NXP's public shares for $110/share.
Qualcomm Raises Its Bid for NXP
Qualcomm today increased its offer to acquire NXP Semiconductors to $127.50 per share, or about $44 billion. The new offer reflects the increased value of each company, both of which have grown since the deal originated.
Broadcom Lowers Offer for Qualcomm, Qualcomm Says No Way
Broadcom revised its offer to acquire Qualcomm downward by $3 per share after Qualcomm increased its own bid to buy NXP Semiconductors. Broadcom said, "Qualcomm's board acted against the best interests of its stockholders by unilaterally transferring excessive value to NXP's activist stockholders." Broadcom would have preferred to see Qualcomm act together with Broadcom to broker the right deal for NXP while still allowing Broadcom to move forward with its own offer to buy Qualcomm.
Qualcomm to Add NXP Secure Element to Snapdragon Chips
Qualcomm today announced that it will use technology from NXP to help bring NFC-based mobile payments across more phone makers. Specifically, Qualcomm plans to add NFC and embedded secure elements *(eSE) across its Snapdragon 800, 600, 400, and 200 series processors.
Broadcom Takes Aim at Qualcomm with Unsolicited $130B Bid
Broadcom today made an unsolicited offer to buy Qualcomm for $70 per share, a deal valued at approximately $130 billion. According to Broadcom, the merged entity would be a diverse communications semiconductor company that would be able to accelerate innovation, deliver more advanced products, and create compelling financial savings/efficiencies.