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A Merger Between Qualcomm and NXP Could Be Announced Next Week.

A deal between chipmakers Qualcomm and NXP Semiconductors could be announced as early as next week, according to a report that boosted both companies’ shares. Bloomberg reported Thursday that negotiations for Qualcomm’s QCOM 1.25% potential takeover of NXP NXPI -2.56% were entering the final stretch, citing people familiar with the talks. The sources said the San Diego-based giant was about to complete a review of the Dutch semiconductor manufacturer’s operations and finances.

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We thought it might be all about the payment tech, but after talking with some other maker biz/electronic folks, the car tech seems to be really interesting for Qualcomm too“The purchase would be the largest transaction in the history of the semiconductor industry.