Wall Street: Rumors of Samsung's acquisition of NXP are rampant, and the latter's share price has risen significantly

Jun 10,2022
According to Wall Street stock analysis agency seekingalpha, NXP Semiconductors shares rose 8.2% recently after rumors of Samsung Electronics planning to acquire the company.

Samsung's "de facto" leader Lee Jae-yong will discuss a possible deal during a trip to Europe from June 7 to 18, according to Asian tech media.

Speculation about Samsung Electronics' acquisition of NXP Semiconductors has continued over the past few years. In August, The Korea Times reported that Samsung was unlikely to target NXP Semiconductors as a potential acquisition target because the company is so large that there may be problems with antitrust. NXP Semiconductors was reportedly on Samsung's acquisition list, but because of NXP Semiconductors' size, Samsung had new ideas.

In early February 2021, The Korea Times also reported that Samsung is looking to acquire an automotive chip company, with potential targets including NXP Semiconductors, Infineon, Renesas and Texas Instruments.

Qualcomm tried to buy NXP Semiconductors in 2018, but Qualcomm backed off, at least because of trade tensions between the U.S. and China.