Palo Alto, CA – October 31, 2016
We believe Qualcomm’s NXP purchase is an important and comfortable fit, improving Qualcomm’s positioning in the key automotive and IoT markets moving forward. We worry, however, that its closest competitor, Intel, is out-flanking Qualcomm by taking the steps to become an automotive Tier 1 while Qualcomm shows no sign (yet) that it expects to be more than a component supplier into the auto market.