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Qualcomm acquires NXP Semiconductor for $47 billion

NXP Semiconductors acquired by Qualcomm in a massive all-cash deal of $47 billion

Anthony Garreffa | Oct 28, 2016 at 12:51 am CDT (0 mins, 57 secs reading time)

Qualcomm is spending big on its acquisition of NXP Semiconductor, with an all-cash deal of $47 billion, leaving Qualcomm with a future of diversifying its business as sales of smartphones using Snapdragon processors begins to slow down in saturated markets, reports TechSpot.

Qualcomm acquires NXP Semiconductor for $47 billion | TweakTown.com

Who is NXP Semiconductor? They're a large supplier for the automotive industry, so Qualcomm's acquisition is teasing that we could see Qualcomm step into the automotive industry in a very, very big way. It wasn't too long ago that Analogix Semiconductor were purchased by a Chinese consortium for $500 million, but this $47 billion deal makes that acquisition look tiny in comparison.

Qualcomm isn't acquiring NXP to begin its future in the automotive market, as it'll allow Qualcomm to get a better grip on the networking market, as well as the Internet of Things and security - both of which are expanding at rates that most companies can't keep up with.

We should expect the Qualcomm/NXP deal to close by the end of 2017.

Last updated: Sep 1, 2017 at 06:05 am CDT

NEWS SOURCE:techspot.com
Anthony Garreffa

ABOUT THE AUTHOR - Anthony Garreffa

Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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