Qualcomm is spending $47 billion to become the 21st century Intel
October 27, 2016 | Uncategorized
Qualcomm, the company already responsible for providing the majority of the world with its mobile processors and wireless modems, is endeavoring to make itself even more indispensable to our future with today’s announcement that it’s acquiring NXP Semiconductors for $47 billion. NXP is a Dutch outfit employing 45,000 people in 35 countries around the world, and would probably be more recognizable by its original name of Philips Semiconductors. Like Qualcomm, NXP has quietly played a major role in the shift of computing to mobile devices, providing secure wireless communication methods for things like contactless payments.
NXP’s business focus has been increasingly turning toward automotive and Internet of Things applications, and…
