Apple Supplier NXP Muscles Up With Freescale Merger

By | December 8, 2015

Scalper1 News

Apple (AAPL) supplier NXP Semiconductors (NXPI) muscled by completing its $12 billion acquisition of smaller peer Freescale Semiconductor, making it No. 5 by market value in IBD’s 46-company Electronics-Semiconductor Fabless industry group. With a $20.4 billion market cap, NXP trails only Qualcomm (QCOM), Avago Technologies (AVGO), Broadcom (BRCM) — all fellow Apple suppliers — and ARM Holdings (ARMH) . In late-afternoon trading on the stock Scalper1 News

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