Print  |  Send  |   

Report: NXP not in talks, would consider offer

April 12, 2011 // Peter Clarke

Report: NXP not in talks, would consider offer

Dutch chip company NXP Semiconductors BV is not in takeover talks, according to a Reuters report that quotes company CEO Rick Clemmer.


This contradicts a report from Dutch newspaper De Telegraaf which said NXP was in talks with Intel, Broadcom and Qualcomm, referencing an unnamed banker as its source.

The Reuters report quoted Clemmer saying he would have to consider a high premium offer, such as the one that Texas instruments Inc. has made for National Semiconductor Corp., which would value NXP shares at $55 to $60 each.

"NXP isn't for sale. And I haven't held talks with the CEOs of Intel, Qualcomm or Broadcom for five or six weeks." the report quoted Clemmer as saying. He said that when he had talked to Qualcomm and Broadcom previously it was about routine customer issues.

NXP (Eindhoven, The Netherlands) was created by a private equity buy out from Koninklijke Philips Electronics NV in 2006 for 6.4 billion euros (about $8 billion).

NXP holds a strong position in Near Field Communications (NFC) which is set to become the method whereby consumers make wireless financial transactions using cell phones, turning them into electronic wallets. Google is incorporating NFC into its Android platform and Apple is expected to include NFC in an upcoming iteration of its iPhone.


Related article

Report: NXP in takeover talks with Intel, Broadcom, Qualcomm

All news

Analog & Mixed Signal ICs

Follow us

Fast, Accurate & Relevant for Design Engineers only!

Technical papers     

Linear video channel

READER OFFER

Read more

This month, Oscium is giving away three of its iMSO-204L dual analogue iOS oscilloscopes, worth USD400 each. Designed with native Lightning compatibility, the iMSO-204L transforms the iPad, iPhone, and iPod touch into an ultra-portable, two-channel oscilloscope.

Since Apple changed its connector, Oscium has been working to bring native compatibility to its customers. The third generation...

MORE INFO AND LAST MONTH' WINNERS...

Design centers     

Automotive
Infotainment Making HDTV in the car reliable and secure

December 15, 2011 | Texas instruments | 222901974

Unique Ser/Des technology supports encrypted video and audio content with full duplex bi-directional control channel over a single wire interface.

 

You must be logged in to view this page

Login here :