We reported on the rumours of a deal between NXP and Qualcomm at the the end of September. Now the deal has been confirmed, but at a higher price and Qualcomm will acquire NXP for $47 billion (using cash and new debt). The combined company plans to have revenues of $30 billion and be in the top three global semiconductor companies, with Intel and Samsung.
NXP is expected to boost Qualcomm’s business in automotive, broad-based microcontrollers, secure identification, network processing and RF power. As a major supplier to the automotive industry, NXP has leading positions in automotive infotainment, networking and safety systems, with solutions designed into 14 of the top 15 infotainment customers in 2016.
The transaction may take until the end of 2017 to close and will need regulatory approvals.
