The two parties agreed to an all-cash transaction that will be valued at around $40 billion, marking the largest acquisition in the semiconductor industry.
Qualcomm Inc. and NXP Semiconductors N.V. have reportedly reached a deal in which Qualcomm will pay $110 a share for the Netherlands-based automotive semiconductor company, according to published reports.
Wall Street appears positive on a deal, with Mizuho analyst Vijay Rakesh recently saying it makes strategic and financial sense since Qualcomm “dominates” automotive telematics and NXP “will give it in-cockpit market share, powertrain, safety, and an automotive processor portfolio from Freescale that creates the first end-to-end semiconductor auto supplier of the future,” according to Investopedia.
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