Deal could be largest in historic M&A rush
Rick Merritt, EETimes
9/29/2016 06:45 PM EDT
SAN JOSE, Calif. — Qualcomm is in talks to buy NXP Semiconductors for more than $30 billion, according to multiple press reports. The reports have driven NXP’s stock up about 15% to an estimated market capitalization of about $33 billion.
If the deal goes ahead, it could become one of the largest in a historic period of consolidation in semiconductors. NXP itself completed in December its merger with Freescale Semiconductors that it valued at $40 billion.
A combination of the two companies could vie with TSMC as the world’s third largest semiconductor company with annual revenues of nearly $27 billion, according to rankings by IC Insights. They would still be significantly below #2 ranked Samsung at about $40 billion.
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