While Qualcomm has planned on buying NXP for over a year, NXP shareholders were a bit disappointed by Qualcomm’s initial price.

Qualcomm just raised its bid and is now willing to pay $127.50 per share instead of $110 per share.

By closing this acquisition, Broadcom has to pause for a second and think again about acquiring Qualcomm.

A group of NXP shareholders led by hedge fund Elliott Management have already agreed to the new terms.

NXP manufactures a bunch of different chips, but there’s one area that is particularly interesting.

Qualcomm plans to get serious about the automotive space thanks to NXP chips.

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