Since ZTE will not be severely sanctioned by the United States, Qualcomm's acquisition of NXP has also accelerated.
It was reported on June 15 that according to sources citing people familiar with the matter, the Chinese Ministry of Commerce has approved Qualcomm's plan to acquire NXP for a total of $ 44 billion.
This transaction requires antitrust approval from 9 countries or regions, of which 8 have been approved before. Chinese competitors worry that the merger of the two companies will help Qualcomm expand its patent licensing business to mobile payment and driverless areas.
However, it is unclear which assets Qualcomm needs to divest to reach this agreement, and the specific time of the merger has not been disclosed.
After the announcement, Qualcomm (NASDAQ: QCOM) shares rose 3.01% to $ 61.25 after the market; NXP (NASDAQ: NXPI) rose 8.93% to $ 123.10 after the market.
Qualcomm announced the first acquisition of NXP in October 2016.
Qualcomm and NXP have not yet commented on this report. Bernstein analysts said that Beijing ’s decision was Qualcomm ’s last major obstacle to completing the transaction. Qualcomm ’s acquisition of NXP was to diversify its current focus on mobile phone chips.
According to the news, Qualcomm's data center chip department has slashed employees. Qualcomm originally invested heavily in the server market, but now it has cut expenditures to please shareholders.
According to documents submitted by Qualcomm, the Qualcomm Design Center will cut 241 jobs in Raleigh, North Carolina, and 43 jobs in California. People familiar with the matter said that the number of presidents (including positions not mentioned in the document) accounted for one third to one half of the total number of employees in the server chip department. Qualcomm had previously promised to cut about 1,500 employees across the company.
Qualcomm evaluates the future opportunities of the data center business and thinks that it takes too long to take a place in the server chip market. Now Qualcomm ’s server chip division ’s main goal is to provide chips to cloud computing centers and Chinese customers (such as Alibaba, Tencent, and Baidu). Qualcomm will provide chips to Chinese customers through Chinese joint ventures. Qualcomm was also negotiating with some potential investors and buyers, but ultimately decided to retain the department, but only changed its strategy.
Qualcomm President Cristiano Amon said in a statement: "Qualcomm will continue to seek development opportunities in the data center market and will not abandon these assets. In the data center business unit, we will reduce investment, but will continue to remain in the The Chinese joint venture company has redefined the direction of research and development to prepare for the upcoming computer meeting. "
The size of the entire server chip market is about $ 14 billion, and Intel has a 99% share. Because Intel has an absolute advantage, most of the industry's software is written for Intel chips. If you want to compete with Intel, ARM technology providers must ensure that there is enough software to allow their chips to run.
Since 2015, Qualcomm's revenue has been declining year by year, and is expected to decrease by 5% in fiscal 2018. Ormon believes that the opportunity for the server chip sector lies in high-energy-consumption chips for cellular base stations. This chip is a key component of cellular base stations and provides processing power for mobile phones through wireless connections. Ormon said that with the support of this chip, mobile phones can add VR / AR functions to provide an unparalleled experience, which can only be achieved with a PC now.
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