Qualcomm and NXP ‘agree $40 billion deal’

Chipmakers Qualcomm and NXP Semiconductors have reportedly agreed a $40 billion takeover deal, according to CNBC. 

Wall Street Journal reported a couple of weeks ago that Qualcomm was in negotiations to buy NXP for $30 billion, and TechCrunch.com says the acquisition would be “a huge consolidation move for the silicon industry”.

Neither company has so far commented on the talks, and have not confirmed they are taking place.

But now, CNBC is confident that Qualcomm and NXP “have agreed an all-cash handshake deal that Qualcomm will pay $110 a share for NXP … in a deal that would be close to $40 billion”.

Qualcomm has a market capitalisation of more than $100 billion, and earned over $25 billion in revenue in 2015. The company has 27,000 staff and is headquartered in California, in the US.

NXP is valued at $35 billion and had revenues of $6 billion in 2015. It has 45,000 staff and is headquartered in the Netherlands, Europe.