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Qualcomm plans to acquire NXP

Qualcomm Snapdragon 821 chip teaser image, Qualcomm to buy NXP
Qualcomm Snapdragon chip
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.

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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2016 10 > Qualcomm plans to acquire NXP
Codrut Nistor, 2016-10-28 (Update: 2016-10-28)
Codrut Nistor
Codrut Nistor - News Editor
Although I have been writing about new software and hardware for almost a decade, I consider myself to be old school. I always enjoy listening to music on CD or tape instead of digital files and I will not even get into the touchscreen vs physical keys debate. However, I also enjoy new technology, as I now have the chance to take a look at the future every day. I joined the Notebookcheck crew back in 2013 and I have no plans to leave the ship anytime soon.