The collapse of the US$44 billion bid by US chip giant Qualcomm for Dutch chip maker NXP Semiconductors after China failed to approve the deal has taken a new twist, as the two companies now find themselves fighting it out in the country’s red-hot automotive technology sector.
NXP’s EVP of Global Sales Stephen Owen said the automotive space is a big focus for the company and that it has been working with almost every major original equipment manufacturer (OEM) in China, the world’s largest automotive market, as it steps up competition with Qualcomm in automotive chip designs.