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.
Are you a techie who knows how to write? Then join our Team! Wanted:
- Specialist News Writer
- Magazine Writer
- Translator (DE<->EN)
Details here
Join our Support Satisfaction Survey 2023: We want to hear about your experiences!
Participate here
Source(s)
Top 10 Laptops
Multimedia, Budget Multimedia, Gaming, Budget Gaming, Lightweight Gaming, Business, Budget Office, Workstation, Subnotebooks, Ultrabooks, Chromebooks
under 300 USD/Euros, under 500 USD/Euros, 1,000 USD/Euros, for University Students, Best Displays
Top 10 Smartphones
Smartphones, Phablets, ≤6-inch, Camera Smartphones