Qualcomm to Acquire NXP for $47 Billion

As you may have noticed, the semiconductor industry has been undergoing more and more acquisitions in the past two years – Intel acquired Altera for $16.7 billion, Avago acquired Broadcom for $37 billion, and Western Digital also acquired Sandisk for billions. Qualcomm has just announced its plan to acquire NXP to enhance its global leadership in integrated semiconductor solutions.

Pursuant to the agreement, a subsidiary of Qualcomm will commence a tender offer to acquire all of the issued and outstanding common shares of NXP for $110.00 per share in cash, representing a total enterprise value of approximately $47 billion.

With an annual revenue of $6.1 billion for 2015, NXP is a leader in high-performance, mixed-signal semiconductor electronics. The NFC chip that powers iPhone comes from NXP.

The combined company is expected to have annual revenues of more than $30 billion, serviceable addressable markets of $138 billion in 2020 and leadership positions across mobile, automotive, IoT, security, RF and networking. The transaction is expected to close by the end of 2017. 

Shall not be reproduced without permission:EXPREVIEW » Qualcomm to Acquire NXP for $47 Billion

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