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Thursday, September 29, 2016
Qualcomm in Talks to Buy NXP


Qualcomm is in talks to buy NXP Semiconductors NV in a deal that could be valued at more than $30 billion, the Wall Street Journal reported.

An agreement could be struck in the next two to three months, the report said, citing people familiar with the matter.

NXP and San Diego-based Qualcomm said separately that they did not comment on rumors or speculation.

NXP, formerly Philips Semiconductor, ranks among the world’s top 10 semiconductor companies.

The company closed a nearly $12 billion deal to buy U.S.-based Freescale Semiconductor last December to create the world's top maker of automotive electronics.



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