Mobile chipset giant Qualcomm is considering purchasing NXP Semiconductors for over $30 billion according to a report from the Wall Street Journal (WSJ).
Market research firm IHS ranked NXP as the seventh largest semiconductor supplier globally in 2015, while Qualcomm ranked third, trailing Samsung Electronics and top chipmaker Intel.
Citing sources close to the matter, WSJ stated that the deal could be wrapped up within two or three months, or Qualcomm could move on to explore other options.
Following the report, both company’s shares received a bump, with NXP jumping by 16.9 percent and Qualcomm up by 6.3 percent.
Qualcomm’s successful Snapdragon mobile chip line brings in the majority of the company’s revenue, with added profit coming in from wireless patents that it licenses to the mobile industry — such as its recent Clear Sight dual-camera technology.
According to a recent fact sheet produced by NXP, it has over 9,000 issued and pending patent families.