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Qualcomm to acquire NXP Semiconductors for USD 47 bln

2016-10-27 13:27:00| Telecompaper Headlines

(Telecompaper) Qualcomm has agreed to buy NXP Semiconductors for USD 47 billion, strengthening its position in the wireless market and create a new growth market in automotive. Qualcomm will pay USD 110 per share in cash for NXP, a premium of over 30 percent compared to NXP's share price a month ago when reports of a possible takeover first emerged.

Tags: usd acquire semiconductors qualcomm

Category:Telecommunications

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