October 28, 2016

Qualcomm CEO Steve Mollenkopf (Photo courtesy Qualcomm. All rights reserved)

The multinational semiconductor producer Qualcomm Incorporated announced that it has reached a definitive agreement to acquire NXP Semiconductors N.V., which operates in the same field, for a total of about $47 billion to be paid in cash at $110 per share. This is the largest acquisition in the history in the semiconductor field.