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
Qualcomm (QCOM), Broadcom (BRCM) and Texas Instruments (TXN) could mount an assault on GoPro (GPRO) chip supplier Ambarella’s (AMBA) robust drone sales, Needham analyst N. Quinn Bolton wrote in a research report Friday. And, as GoPro sales slough off despite holiday season shopping, Ambarella will be more dependent on robust drone camera, IP security camera and dash camera sales to stave off “competition from traditional semiconductor
Four chipmakers heading to the altar are among companies likely to be in “the best position to win” the Internet of Things “revolution,” a Wall Street analyst says. NXP Semiconductors (NXPI) and its pending merger partner Freescale Semiconductor (FSL), along with Apple (AAPL) supplier Avago (AVGO) and its fiancee Broadcom (BRCM), are among the semiconductor manufacturing beneficiaries as the industry races to connect more devices and other things