Qualcomm to buy NXP for $38 billion in largest chip deal

[EEVblog]

It never ends! 
And NXP just bought Freescale.

http://www.reuters.com/article/us-nxpsemiconductors-m-a-qualcomm-idUSKCN12R1AW

[coppice]

I find the interesting things about this is that Qualcomm has always steered clear of making silicon. Now when most other companies are trying to get out of making silicon, Qualcomm is trying to move into it.

[nctnico]

A local website says $47 billion dollars!

[coppice]

A local website says $47 billion dollars!

But only $38B after they apply the discount code at the checkout.

[RGB255_0_0]

A local website says $47 billion dollars!

Because that includes NXP's debt.

[mac.6]

It's 47Billions in NXP PR.

[trophosphere]

I don't want to have to be signing more NDAs.

[daqq]

...fudge.

[Cerebus]

I don't want to have to be signing more NDAs.

Yeh, you beat me to it.

There is nothing I find more frustrating than finding a description of a part that might fit what I'm looking for and then running into the "apply for the datasheet" barrier. Those parts get discarded as immediately unsuitable for that reason alone. Life is too short to negotiate the labyrinths of a company that makes it that hard to decide if something's suitable for my needs. If getting the datasheet is hard, imagine how hard it must be to actually buy something. I pray that mindset doesn't poison NXP and, by extension, Freescale.

[Kjelt]

And the ceo Rick Clemmer earns 380M€ on this deal. 
Wait a moment what do the engineers that made the company so profitable get?
A bottle of wine in their Xmass package? 

[Richard Head]

And the ceo Rick Clemmer earns 380M€ on this deal.
How can the shareholders ever agree to such an outrageous commission? Makes me sick.
This world is fu%$# up. 

[dannyf]

And the ceo Rick Clemmer earns 380M€ on this deal.

He earned ever penny of that. Essentially, Qualcomm is buying NXP to buy Freescale (and some of NXP's infotainment business). Freescale is a great acquisition for NXP. As the ceo, he found an undervalued asset. That's how value is created.

How can the shareholders ever agree to such an outrageous commission?

Just see how much the shareholders made and the answer will be clear.

[Cerebus]

As the ceo, he found an undervalued asset. That's how value is created.

You've just effectively equated 'found' and 'created' or, more correctly, conflated. The value had to exist to be 'found' and to already exist it had to have been already 'created'.

It's exactly that kind of woolly thinking that gets used to justify the salaries of all the non-productive executives in the world while the people who actually do the work get little or nothing. Moreover, my personal experience of senior management suggests that 'found' is more likely to mean 'accidentally tripped over'. I usually find that senior management successes are in spite of senior management, not because if it.

[RGB255_0_0]

As the ceo, he found an undervalued asset. That's how value is created.

You've just effectively equated 'found' and 'created' or, more correctly, conflated. The value had to exist to be 'found' and to already exist it had to have been already 'created'.

It's exactly that kind of woolly thinking that gets used to justify the salaries of all the non-productive executives in the world while the people who actually do the work get little or nothing. Moreover, my personal experience of senior management suggests that 'found' is more likely to mean 'accidentally tripped over'. I usually find that senior management successes are in spite of senior management, not because if it.

But the executives (non-productive ones) decide which direction to take the company in. Sometimes they fail and when a company goes bust you never say it's the employees' fault, but the management's fault.

So, with the shoulder of burden and blame comes the shoulder of riches to be squandered or garnered.

[Cerebus]

So, with the shoulder of burden and blame comes the shoulder of riches to be squandered or garnered.

If that was the case I might agree with you. The truth, garnered both from things I've watched first hand and in the news, is that the C suite get off scot free while it's the proles who always pay in the end. Who's paid/paying for the 2008 banking crisis? Us or all the bankers who weren't ruined or didn't go to jail?

[Kjelt]

Sometimes they fail and when a company goes bust you never say it's the employees' fault, but the management's fault.
So, with the shoulder of burden and blame comes the shoulder of riches to be squandered or garnered

It is completely out of any decent proportion. A CEO is also just an employee and perhaps gets more than thirty times the paycheck of the average Joe, no problem there. But the stock options, bonusses and all the other bullshit management incentives should stop, they serve no purpose just to evade income taxes.

[razberik]

Well, I just hope that things like BAV99, BAT54 or BC847 will be available to buy.

[RGB255_0_0]

So, with the shoulder of burden and blame comes the shoulder of riches to be squandered or garnered.

If that was the case I might agree with you. The truth, garnered both from things I've watched first hand and in the news, is that the C suite get off scot free while it's the proles who always pay in the end. Who's paid/paying for the 2008 banking crisis? Us or all the bankers who weren't ruined or didn't go to jail?

Yes, I wholeheartedly agree that those bankers (and politicians who allowed for it to happen) should have lost everything. At most a couple here in the UK lost their pretentious titles. People like Philip Green (BHS) are almost untouchable.

Sometimes they fail and when a company goes bust you never say it's the employees' fault, but the management's fault.
So, with the shoulder of burden and blame comes the shoulder of riches to be squandered or garnered

It is completely out of any decent proportion. A CEO is also just an employee and perhaps gets more than thirty times the paycheck of the average Joe, no problem there. But the stock options, bonusses and all the other bullshit management incentives should stop, they serve no purpose just to evade income taxes.

Perhaps. That's pretty subjective though. If you've grown a company from having a shareprice of ~$10 in 2010 to $100 today then he's done right for the company and deserves his wealth. IMO.

[seb30]

Well, I just hope that things like BAV99, BAT54 or BC847 will be available to buy.

Fortunately, I have not so much NXP parts on my current design.
I am afraid I will need to think twice before using NXP parts now !
Does someone already use/bought parts from Qualcomm ?

[dannyf]

I voiced the view when the NXP/Freescale deal was announced that NXP parts are at risk as NXP was really marrying up. Freescale in many sense bring market leading positions to NXP which was a little lost in terms of its product portfolio.

The Qualcomm deal will accelerate the transition. It wouldn't surprise me if there is a divestiture to follow soon that will involve the generic (discrete) parts that are in NXP's book today.

[nctnico]

Newsflash: NXP's jelly beans parts department has already been sold. See http://www.nexperia.com/

[seb30]

Newsflash: NXP's jelly beans parts department has already been sold. See http://www.nexperia.com/

Back to VLIW media processor home !!

[dannyf]

The investor base between the nxo buyout and the freescsle buyout overlaps a lot.

They all made off handsomely for themselves, their LPs, and public investors.

And many kuttke guys through their 401k and pension

[Kjelt]

Thursday after almost two years the ultimate deadline will finally end.
Will China agree in the deal or will it all go bust?
Watch the final episode of this soap on your local news media 

[Kjelt]

And the verdict is: it is all off, cancelled.
No permission from the chinese government.

So time to move on.
Two years......... what a weird and rediculous process.