Thursday, March 5, 2015

NXP Completes Purchase of Freescale, Forming Biggest Deal in Semiconductor Sector


(Digital Marketing Agency, thesnsgroup.com)- Holland-based NXP Semiconductors NV has expectedly struck an agreement on acquiring chip maker counterpart Freescale Semiconductor Ltd, making it the fourth and biggest semiconductor field M&A deal in 2015.
“The transaction is the clearest sign yet that semiconductor companies are regaining the confidence required to pursue big mergers and acquisitions at a time when their major clients, such as mobile phone manufacturers, seek to consolidate suppliers,” cited Reuter.
"Financially this deal makes sense. By being bigger you limit the impact of the product cycles and volatile end markets," said RBC analyst Doug Freedman.



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