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
Apple (AAPL) supplier Qualcomm (QCOM) inked a deal Wednesday with Chinese smartphone maker Xiaomi, resolving a piece of a continuing overseas royalty battle that dented the chipmaker’s September-quarter sales and dampened December-quarter guidance. In early trading on the stock market today, Qualcomm stock had jumped more than 7%, near 53, on news of the Xiaomi licensing deal. Qualcomm stock, though, is down nearly 35% this year. Per the