What is worth $40 billion, and isn’t Uber? The union of NXP Semiconductors, and Freescale Semiconductor. The two companies announced a “definitive agreement” today that will see Freescale shareholders pick up 0.3521 NXP shares and $6.26 in cash for each of their current shares.
Freescale is known for its work in embedded chips, its website noting a focus on the Internet of Things, while NXP is best known for its automotive silicon work.
Seeing two large chip companies merge is hardly history, but at the very same time, we can get our mitts around the companies’ financial positions. This will be fun, I promise.
First up, Here’s Freescale’s last quarter: $1.10 billion in revenue, and $63 million in GAAP1 net profit. For reference, Freescale claims $273 million in adjusted EBITDA for the period. NXP is larger, recording $1.537 billion in revenue, and $149 million in GAAP net income in