Qualcomm spends $47 billion on NXP for car, IoT and NFC chips

As rumoured mobile chip giant has decided to accelerate its diversification by dropping $47 on Dutch chip-maker NXP.
Generally associated with NFC chips, NXP also has solid positions in automotive, microcontrollers and a bunch of other embedded applications. Qualcomm is saying this acquisition – its biggest ever – will give it a leg up in the IoT world in general. It’s probably safe to say the Qualcomm account manager at ARM is now in a strong position to ask for a pay-rise.
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