Qualcomm-NXP deal targets connected world

Global SourcesUpdated on 2023/12/01

Hot Topics

Global Sources Exhibitions

The largest merger in the industry, valued at $39 billion, is about automotive and IoT.

The combined company would have revenue of about $35 billion. Source: Qualcomm via EE Times

AT&T, eat your heart out. Qualcomm Inc. has announced a definitive agreement to acquire NXP, creating a combined company with annual revenue of more than $30 billion.

Qualcomm will offer $110 per share in all cash transaction-a premium of 11.5 percent to NXP Semiconductor's close-for a total enterprise value of approximately $47 billion.

Worth roughly $39 billion excluding debt, the agreement would represent the biggest chip deal ever, exceeding Avago's $37 billion agreement to buy Broadcom Corp.

Qualcomm said the closing of the deal is expected at the end of 2017. Steve Mollenkopf, CEO of Qualcomm, explained that the timing-more than a year from now-is due to regulatory review and approvals that must come from nine jurisdictions around the world.

To read the full article, go to EE Times.

Source the latest products from verified suppliers on our global sourcing platform, or install our app. Subscribe to our magazines for more in-depth insights and product discovery.

More Sourcing News

  • Leave us Feedback

  • Download App

    Scan the QR code to download

    iOS & Android
    iOS & Android
    (Mainland China)