Qualcomm, the market leader in the mobile SoC segment, is going to expand into automotive and smart home applications. For that reason Qualcomm to Acquires NXP Semiconductors for 47 billion USD. NXP is the biggest supplier of chips used in the automotive industry and Qualcomm is going to acquire her.
Qualcomm to Acquires NXP Semiconductors for 47 billion USD
NXP makes the type of chips that are commonly used in this growing market. However, Qualcomm basically designed chips for smartphones. If Qualcomm acquire NXP, it will open its ways towards automotive industry as well.
With innovation and invention at our core, Qualcomm has played a critical role in driving the evolution of the mobile industry. Moreover, The NXP acquisition accelerates our strategy to extend our leading mobile technology into robust new opportunities. where we will be able to lead by delivering integrated semiconductor solutions at scale.
Qualcomm CEO Steve Mollenkopf said about this acquisition:
By joining Qualcomm’s leading SoC capabilities and technology roadmap with NXP’s leading industry sales channels and positions in automotive, security and IoT. we will in even better position to empower customers and consumers. And also to realize them all the benefits of the intelligently connected world.
Moreover, Qualcomm will close the deal by the end of 2017.