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October 27, 2016 12:22 pm GMT

Qualcomm to acquire NXP Semiconductor for $47 billion

Qualcomm2-shutterstockQualcomm will acquire NXP Semiconductor in a deal worth around $47 billion in a cash deal. The two chip-making giants were said to have reached an agreement last week, but today’s announcement from Qualcomm makes it official. The acquisition will create a combined company with annual revenue north of $30 billion, and give Qualcomm additional expertise in security, identity and… Read More

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