Deals
Qualcomm to Buy NXP Semiconductors in $47 Billion Deal
- NXP would allow Qualcomm to diversify away from smartphones
- Target is largest maker of semiconductors used in cars
Qualcomm CEO Mollenkopf on Acquiring NXP
This article is for subscribers only.
Qualcomm Inc., the largest maker of mobile-phone chips, 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.
San Diego-based Qualcomm agreed to pay $110 a share in cash for NXP, the biggest supplier of chips used in the automotive industry, or 11 percent more than Wednesday’s close, the companies said in a statement Thursday. The deal will be funded with cash on hand as well as new debt.