Qualcomm has agreed to buy NXP Semiconductors for $110.00 per share ($47 billion) in cash. The chip maker intends to fund the transaction with cash on hand and new debt.
The combined company is expected to have annual revenues of more than $30 billion, serviceable addressable markets of $138 billion in 2020 and leadership positions across mobile, automotive, IoT, security, RF and networking. NXP makes mixed-signal chips and has a broad footprint in micro controllers, automotive, networking and security. The NXP acquisition could help Qualcomm expand into markets beyond smartphones.
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