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.
Feb 20, 2018
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.
Jul 25, 2018
Qualcomm today said it will drop its plans to purchase Netherlands-based NXP at the end of the day, which is when the acquisition agreement expires. Qualcomm first announced its intent to buy NXP, which makes semiconductors, in October 2016.
Feb 22, 2018
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.
Aug 15, 2017
Qualcomm today announced a major expansion of Spectra, its effort to offer manufacturers a drop-in hardware and software solution for easily and affordably adding advanced camera technology to phones and other devices powered by Qualcomm Snapdragon chips. The expanded Spectra suite includes three new hardware camera modules.
Dec 19, 2016
The NFC Forum today made three adopted specifications and one candidate specification available to developers and hardware manufacturers. The three finalized specs were ratified by the NFC Forum in October and ensure compatibility between a wider range of devices.