Mobile chip maker Qualcomm has inked a definitive agreement to purchase NXP Semiconductors in a deal valued at around $47 billion. The board of directors of both companies gave unanimous approval for the acquisition, which will see Qualcomm buy all of NXP’s stock at $110 per share, an 11.5 percent premium over NXP’s closing price on Wednesday.

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Source: Hot Hardware – Qualcomm To Purchase NXP Semiconductors For Billion, Extend Chip Domination To Automobiles