It’s been confirmed that Qualcomm has agreed to buy NXP Seminconductors in a deal worth $39PHP 2,289INR 3,305EUR 37CNY 284 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 $11.8PHP 692INR 1,000EUR 11CNY 86 billion.
With NXP in the fold, Qualcomm is expecting to enter the automotive industry as it diversifies its business.
YugaTech.com is the largest and longest-running technology site in the Philippines. Originally established in October 2002, the site was transformed into a full-fledged technology platform in 2005.
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faqcheq says:
$39 billion or $47 billion? Source: http://phx.corporate-ir.net/phoenix.zhtml?c=254228&p=irol-newsArticle&cat=news&id=2216426&ftr=1&subcf=Footer%3A%20NEWS