Qualcomm to acquire NXP, GM and IBM create OnStar Go, and Databricks adds deep learning …

NXP world headquarters. Photo by Rens van Miero.In order to add automotive chips to its portfolio, Qualcomm has agreed to buy NXP Semiconductors for approximately US$47 billion, according to a Qualcomm announcement. A subsidiary of Qualcomm will offer to acquire all outstanding common shares of NXP for $110 per share in cash, which makes up the total enterprise value of $47 billion. NXP is known for its high-performance, mixed-signal semiconductor electronics, with solutions for automotive and broad-based microcontrollers. NXP serves more than 25,000 customers through its direct sales and global network of distribution channel partners, according to the announcement. The acquisition will combine Qualcomm’s technology in automotive-grade processing, security, automotive safety sensors, and radio frequency, which will enable the creation of more complete system solutions. The acquisition will also help…


Link to Full Article: Qualcomm to acquire NXP, GM and IBM create OnStar Go, and Databricks adds deep learning …

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