Title | Qualcomm Considering Purchase of NXP Semiconductors for $30 Billion | |
Date | Saturday October 01 2016, @09:12PM | |
Author | martyb | |
Topic | ||
from the big-money-for-little-chips dept. |
Consolidation in the chip-making industry continues apace as Qualcomm discusses a possible merger with NXP Semiconductors:
Qualcomm is in discussions to buy NXP Semiconductors in what would be another act of consolidation in the chip-making industry, a person briefed on the matter said on Thursday. If completed, a deal could be valued at more than $30 billion, given NXP's market value of roughly $28 billion as of Wednesday's market close. Talks were continuing and could still fall apart.
A union of Qualcomm and NXP would be the latest in an industry that has recently experienced big mergers. Earlier this year, SoftBank of Japan struck a takeover deal for ARM Holdings, a British chip designer, for $32 billion. Last year, Avago Technologies bought Broadcom for $37 billion, while Intel paid nearly $17 billion for Altera.
Also at TechCrunch, Reuters, Bloomberg, and Ars Technica .
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