Japan-based semiconductor firm Renesas — one of the world’s largest supplier of chips for the automotive industry — is scooping up U.S. chip company IDT in a $6.7 billion deal that increases its focus on self-driving technology. Renesas produces microprocessor and circuits that power devices, and automotive is its core focus. It is second only to NXP […]
View More Chipmaker Renesas goes deeper into autonomous vehicles with $6.7B acquisitionCategory: nxp
Qualcomm says it will drop its massive $44B offer to acquire NXP
Qualcomm today said it wouldn’t extend its offer to buy NXP for $44 billion today as part of its release for its quarterly earnings, and instead be returning $30 billion to investors in the form of a share buy-back. So, barring any last-second changes in the approval process in China or “other material developments”, the […]
View More Qualcomm says it will drop its massive $44B offer to acquire NXPQualcomm now plans to close the NXP acquisition for $44 billion as quickly as possible
Qualcomm, Broadcom and NXP are on a boat. Broadcom wants to acquire Qualcomm, Qualcomm wants to acquire NXP. While Qualcomm has planned on buying NXP for over a year, NXP shareholders were a bit disappointed by Qualcomm’s initial price.
Qualcomm just raised its bid and is now willing to pay $127.50 per share instead of $110 per share. It values NXP at $44 billion instead of $38… Read More