A Bold action has been made on the future of smart connected cars.
With Qualcomm Inc.’s agreement to purchase NXP Semiconductors NV for $39 billion, the San Diego based Qualcomm, best known for designing smartphone chips, will become a major supplier to the automotive industry. It is the largest semiconductor deal ever.
Bold Business has previously reported on developments in smart cars and transportation (see Smart Cars will Help Reduce Stop Lights and Travel and Self Driving Trucks Will Be Big ).
Eindoven, Netherlands based NXP deal will help Qualcomm be a much bigger player in the Internet of Things (IoT) which is an important part of the Digital Transformation revolution. Sensors, computing and communications is being added to everything from home appliances to office machines and trucks and automobiles. NXP will significantly improve Qualcomm’s growth in the transportation industry. NXP had 2015 sales of $6.1 billion and employs 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, having 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 large player in IoT. Bold impacts are sure to follow for all of us in the not too distant future.
For more on the details of the purchase see WSJ’s story.