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Qualcomm Reaches Deal To Acquire NXP

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Oct 27, 2016, 7:19 AM by Rich Brome

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.

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