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Oct 27, 2016

Qualcomm buys NXP, moves into cars and the internet of things

At $39 billion, it's the biggest semiconductor deal ever.

by Dan Gorenstein
Qualcomm CEO Steve Mollenkopf speaks during a press event at the Mandalay Bay Convention Center for the 2014 International CES in Las Vegas, Nevada.
Qualcomm CEO Steve Mollenkopf speaks during a press event at the Mandalay Bay Convention Center for the 2014 International CES in Las Vegas, Nevada.
Justin Sullivan/Getty Images

Qualcomm’s acquisition of NXP for $39 billion is the biggest semiconductor deal ever done. The deal comes as the market for PCs and mobile phones has cooled, and chipmakers look to get their products into cars.

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