Qualcomm announced it will be purchasing NXP Semiconductor, a Dutch company that acquired Freescale Semiconductor last year, in merger news that underscores the importance of IoT in the future.
According to the deal’s terms, Qualcomm will be paying $110 a share in cash for NXP, equaling a total of $47 billion.  This is a smart move for Qualcomm that will position the mobile chip leader for the large-scale IoT and automotive market

Internet of Things