Mobile technology and chip design company Qualcomm confirmed on Thursday that it planned to buy NXP Semiconductor for an enterprise value of £38 billion ($47 billion)—eclipsing SoftBank’s recent mega bucks acquisition of British chip designer ARM Holdings.
It told Wall Street that the combined company expected to report annual sales of £24 billion ($30 billion), with plans to bullishly elbow its way into “leadership positions across mobile, automotive, IoT, security, RF [radio frequency], and networking.”
