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Qualcomm Considering Purchase of NXP Semiconductors for $30 Billion

Accepted submission by Anonymous Coward at 2016-09-30 22:48:45
Business

+techonomics

Consolidation in the chip-making industry continues apace as Qualcomm discusses a possible merger with NXP Semiconductors [nytimes.com]:

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 [nytimes.com], a British chip designer, for $32 billion. Last year, Avago Technologies bought Broadcom [nytimes.com] for $37 billion, while Intel paid nearly $17 billion for Altera [nytimes.com].

Also at TechCrunch [techcrunch.com], Reuters [reuters.com], and Bloomberg [bloomberg.com].


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