Way before Broadcom made its initial bid for fellow chipmaker Qualcomm in November, the latter had gone after NXP Technologies. Qualcomm proposed a transaction for the largest producer of chips for automobiles, valued at $110 a share, back in October 2016. Since then, the deal has been approved by regulators around the world except in China. The regulatory agency in that country has yet to weigh in with a response.
While regulators have given the deal a thumbs up, NXP stockholders weren’t as happy with the price offered by Qualcomm. So this morning, the company raised its bid for NXP to …