
Qualcomm Spends Big Money To Get In The Car (Chip) Business
NPRQualcomm Spends Big Money To Get In The Car Business Enlarge this image toggle caption Gregory Bull/AP Gregory Bull/AP Smartphone chip maker Qualcomm Inc. has agreed to buy NXP Semiconductors for $38 billion. And after Qualcomm lost some modem chip business in the popular iPhone 7 to Intel, the acquisition could boost its iPhone share thanks to NXP sensor and payment chips Apple AAPL -0.57% uses. In a statement, Qualcomm's CEO Steve Mollenkopf said that by combining the two companies, "we will be even better positioned to empower customers and consumers to realize all the benefits of the intelligently connected world." Sponsor Message Bradshaw says the deal gives Qualcomm a foothold as the "Internet of things" — products such as refrigerators and toasters getting connected to the Web — becomes a reality.
History of this topic

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