Day: October 27, 2016

The Bold Action of Qualcomm is to enter the Autonomous Industry and to explore the Smart Connected Cars.

With Qualcomm Inc.’s agreement to purchase NXP Semiconductors N.V. with the initial cost of $39 billion, the San Diego based Qualcomm, best known for designing smartphone chips, shortly will become a significant supplier to the automotive industry and the potential to be the largest semiconductor.

Bold Business has previously reported on developments in smart connected cars and transportation.

Eindhoven, Netherlands based NXP deal will help Qualcomm be a much bigger player in the Internet of Things (IoT) which is an essential part of the Digital Transformation revolution.  Fourth Industrial Revolution is supplemental to everything from home appliances to office machines and automotive. NXP will significantly improve Qualcomm’s growth in the Transportation Industry.  NXP had 2015 sales of $6.1 billion and employed approximately 45,000 people worldwide.

Nasdaq listed NXP, in December of 2015 completed a merger with Freescale Semiconductor. Freescale was one of the first semiconductor companies in the world and started as a division of Motorola in 1948. In 1955, a Motorola transistor for car radios was the world’s first commercial high-power transistor.

With this Bold Action, Qualcomm is positioning to be a significant player in IoT of smart connected cars. Bold Impacts are expected to come soon.

For more details about this story, see WSJ’s story.