The two Taiwanese semiconductor companies are looking for a brace against Samsung's powerhouse position in the industry. Teaming up for a takeover may work.
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This would be industry-shattering news if it didn’t make perfect sense and wasn’t already previewed in recent media speculation. Still, no one could have predicted Qualcomm’s desire to snag fellow semiconductor veteran NXP is so fervent that the San Diego-based tech giant agreed to cough up a whopping $47 billion.The Dutch company, founded way back in 2006, and the generator of $1.4 billion net income on $6.1B revenue last year, is currently “only” evaluated at around $33.5 billion. But ...
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