Qualcomm buys NXP for $47 bn in largest chip industry deal
Telecommunication equipment major Qualcomm has agreed to buy Dutch semiconductor manufacturer NXP for $47 billion, making it the largest purchase in the chip industry's history. Qualcomm said it would offer NXP Semiconductors $110 per share, a premium of 11.5% over its Wednesday's close. The acquisition will help Qualcomm expand from the smartphone market to other industries.