[quote=flyer]From an investors perspective, just wondering if anyone knows how Qualcomm’s acquisition of NXP may bode for the company, and how it might affect jobs and housing in San Diego? Thoughts?[/quote]
NXP isn’t really here in san diego. Most of NXP is in Europe. So there’s little impact to the existing Qualcomm headcount, since Qualcomm has virtually no in house NFC solution.
Of the few NXP people in San Diego, they came from Broadcom. Avago bought Broadcom 2 years ago. At the beginning of this year, Avago sold Broadcom’s NFC group in Rancho Bernardo to NXP. I’m assuming now that NXP group will be part of Qualcomm. That said, most of the trimming already happened by Avago before they sold that Broadcom group to NXP. There’s less than 100 people in that group, I believe. The guys are still part of that group are the lucky ones, double dipping into both vested Broadcom RSUs and now vested NXP RSUs.
What’s amazing is Qualcomm went from no NFC solution last year to being pretty much the only NFC game in town…The only two companies that were really making NFC chipsets were NXP and Broadcom. Frankly, I’m surprised why Qualcomm took so long to figure that one out. From a biz perspective, Qualcomm chip portfolio is looking pretty good. They also grabbed CSR a few years ago, which is a pretty dominate player in Bluetooth.
What’s even more surprise is, once again Intel slept at the wheel.. Intel is fvcked.
