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Qualcomm to buy NXP for $39 billion

Abe Olandres Editor-in-chief October 27, 2016 · 1 min read

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It’s been confirmed that Qualcomm has agreed to buy NXP Seminconductors in a deal worth $39 billion.

Qualcomm is the largest chip manufacturers for smartphones while NXP is also a huge player in the automotive industry. Last year, NXP bought out Freescale Semiconductors (a rival company that started out as a division of Motorola until it divested in 2003) for $11.8 billion.

With NXP in the fold, Qualcomm is expecting to enter the automotive industry as it diversifies its business.

qualcomm nxp

Abe Olandres

Editor-in-chief

Abe is the founder and Editor-in-Chief of YugaTech with over 20 years of experience in the technology industry. He is one of the pioneers of blogging in the country and is considered by many as the Father of Tech Blogging in the Philippines.

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