The co-inventor of the NFC technology is expected to join Qualcomm as part of a deal worth $47 billion. If the regulators do not delay it, this corporate acquisition is expected to close by the end of 2017.
Qualcomm is currently the second largest chip maker in the world. However, things might change in a few years. This market is moving quite fast since NXP Semiconductors acquired well-known US-based company Freescale. A Motorola since 2004, Freescale joined NXP for almost $17 billion. Now, NXP is on its way to join Qualcomm.
According to Bloomberg Technology, Qualcomm "will acquire NXP Semiconductors NV in a transaction valued at $47 billion, aiming to speed an expansion into new industries and reduce its dependence on the smartphone market." This means the second chip maker overall will grab the fourth one, but it gets even better - while Qualcomm is the largest maker of chips for mobile phones, NXP is also the largest supplier of chips for the automotive industry.
This move will allow Qualcomm to maintain a steady growth rate since the smart applications for the automotive industry have a long road ahead and the increase in their demand exceeds the one in the smartphone sector by far. According to Qualcomm, once the regulators approve this acquisition, the resulting company will grow to a combined sales volume of almost $140 billion by 2020.
Codrut Nistor - Senior Tech Writer - 6005 articles published on Notebookcheck since 2013
In my early school days, I hated writing and having to make up stories. A decade later, I started to enjoy it. Since then, I published a few offline articles and then I moved to the online space, where I contributed to major websites that are still present online as of 2021 such as Softpedia, Brothersoft, Download3000, but I also wrote for multiple blogs that have disappeared over the years. I've been riding with the Notebookcheck crew since 2013 and I am not planning to leave it anytime soon. In love with good mechanical keyboards, vinyl and tape sound, but also smartphones, streaming services, and digital art.