Qualcomm buys NXP, moves into cars and the internet of things

Qualcomm CEO Steve Mollenkopf speaks during a press event at the Mandalay Bay Convention Center for the 2014 International CES in Las Vegas, Nevada.Qualcomm CEO Steve Mollenkopf speaks during a press event at the Mandalay Bay Convention Center for the 2014 International CES in Las Vegas, Nevada. – 

Qualcomm’s acquisition of NXP for $39 billion is the biggest semiconductor deal ever done. The deal comes as the market for PCs and mobile phones has cooled, and chipmakers look to get their products into cars.

Follow Dan Gorenstein at @dmgorenstein

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