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. … continue reading
Intel announced that the company’s former CEO and chairman Andrew S. Grove died yesterday at the age of 79. “Andy” Grove became Intel’s president in 1979 and CEO in 1987. He served as the company’s chairman from 1997 until 2005. He is considered by the company to be one of the most influential figures in … continue reading
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