TSM - Samsung unlikely to target NXP Semiconductors for acquisition report says
Samsung (OTC:SSNLF) is unlikely to target NXP Semiconductors (NASDAQ:NXPI) for a potential acquisition as the company is now too big and antitrust may be problematic. NXP Semiconductors (NXPI) was on Samsung's shopping list, but Samsung (OTC:SSNLF) is having second thoughts due to NXPI's size, the Korea Times reported on Sunday, citing an unidentified industry executive. Samsung was rumored to be considered purchasing NXPI in 2019. A potential deal may carry large antitrust risk and NXP (NXPI) is now estimated to be valued at 80 trillion won ($69B) in an acquisition, according to the report. The Korea Times also reported in early February that Samsung wanted to acquire an auto chip company with NXP, Infineon (OTCQX:IFNNY), Renesas (OTCPK:RNECF) and Texas Instruments (NASDAQ:TXN) among potential targets. Recall that Qualcomm (NASDAQ:QCOM) attempted to purchase NXPI in 2018, though Qualcomm walked away at least partly due to trade tensions between the U.S. and China.
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Samsung unlikely to target NXP Semiconductors for acquisition, report says