Negotiations between Qualcomm and NXP – a new giant on the horizon?

Sources familiar with the matter told The Wall Street Journal that the companies could agree on a deal in the next two to three months. A deal such as this could aid Qualcomm in diversifying its business and provide it with new muscles as a supplier to the automotive industry. Talks are still in the early states an NXP may also entertain other offers – if they were to surface, reports Reuters. Both company declined Reuters request for a comment on the reports.