Qualcomm Inc. has revealed its intention to complete the largest transaction in company’s history. The American multinational semiconductor and telecommunications equipment company is ready to pay $47 billion (43 billion euro) to take over the Dutch rival NXP Semiconductors, which, until 2006, was known as Philips Semiconductors.
The Dutch firm is well ranked on the automotive market, providing processors for the vehicles of numerous brands, and that was a serious reason for Qualcomm to acquire it. NXP is also force in terms of NFC processors, as it bought the Austin-based Freescale Semiconductor last year thus expanding the production capacities.
Qualcomm’s record-breaking transaction makes the company become an independent chip maker as NXP owns seven plants in five countries. Qualcomm’s processors are currently produced by Taiwan Semiconductor Manufacturing.
Qualcomm Inc. had revenues of $16 billion last year, well below the 2014 earnings that peaked at $19.2 billion. The growing success of smartphones had a positive impact on the company which saw sales of only $6.4 billion back in 2009.
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