Qualcomm Inc., San Diego, Calif., announces a definitive agreement to acquire NXP Semiconductors N.V., Netherlands, for about $38 billion because of its leading positions in automotive infotainment, networking, and safety systems, with solutions designed into 14 of the top 15 infotainment customers in 2016.
NXP offers high-performance, mixed-signal semiconductor electronics, with innovative products and solutions in broad-based microcontrollers, secure identification, network processing, and RF power. NXP has a broad customer base, serving more than 25,000 customers through its direct sales channel and global network of distribution channel partners.
“By joining Qualcomm’s leading SoC capabilities and technology roadmap with NXP’s industry sales channels and positions in automotive, security, and IoT, we will be even better positioned to empower customers and consumers to realize all the benefits of the intelligently connected world,” says Qualcomm CEO Steve Mollenkopf. “The NXP acquisition accelerates our strategy to extend our leading mobile technology into robust new opportunities, where we will be well positioned to lead by delivering integrated semiconductor solutions at scale.”
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.
