In 20 15, NXP spent11800 million dollars to acquire Freescale Semiconductor Company. If debt is included, the total market value of the two companies is about $40 billion. Unexpectedly, at the end of 20 15, NXP, which had just completed the delivery, was eager to sell itself to Qualcomm. Although the market value of both parties is close to Intel, which will be twice that of TI, the world's largest simulation manufacturer, it is tears to talk too much! It is reported that NXP's initial asking price was 120 USD per share, but after a few minutes, it finally agreed to the purchase price of 1 10 USD per share offered by Qualcomm. Based on this calculation, the transaction amount will be as high as 47 billion US dollars, exceeding the merger of Broadcom and Anhuagao of 654.38 billion US dollars in 2065.438+05. Qualcomm's purchase price is only slightly higher than NXP's market value, far below the industry average premium level of 20-40%. An expert's hand is like a mantis catching cicadas, and the yellowbird is behind, so he is the best of the best.
Before Qualcomm acquired NXP, NXP had a list of these agents in official website last week: Anfuli, iResearch, Yimeng, Trade Ze, Dejie Electronics, Ke Tong Group, Fuchang Electronics, Wei Jian International, Yewen Technology, Zengniqiang, Yida Electronics, CLP Equipment, Runxin Technology, Rochester, Eden Technology, Pinjia Group, Richardson and other private companies, and Feihuan Electronics Co., Ltd. More than 20 companies, including Electronic Equipment Co., Ltd., Toyota Trading Company, Vitec Electronics SCO. , limited company, etc.
Among them, E-League, Trade Ze, Dejie Electronics and Rochester are catalog distributors. The remaining protagonists are NXP and Freescale's agents. With so many agents, it seems inevitable to be shuffled after the merger. As a result, many CEOs or PM began to fall asleep!
NXP and Freescale, the owners behind them are consortia. One is KKR, and the other is Blackstone Group. They are profit-seeking moths and musketeers who make quick money. NXP acquired Freescale in the same year. The fancy is that after the merger of the two companies, it is likely to monopolize automotive electronics and the Internet of Things, which will be of great help to investors and stock prices. I didn't expect Freescale to almost bring down NXP. One of the secrets of NXP's acquisition of Freescale is that Freescale's long-term liabilities have reached $5.535 billion, but its total assets are only $3.275 billion. It can be said that Freescale is insolvent. Although NXP's revenue in the first half of this year reached $4.59 billion, its cost of acquiring Freescale continued and was very high.
According to the grapevine, Qualcomm has made a great determination to clean up the mess left by NXP this time, and the agents will bear the brunt, and some companies will be murdered by the sword. Although NXP's existing senior management has tried their best to "resist", they can't stand the new owner Rowen, and as a result, a large number of agents may be eliminated. According to the understanding and speculation, NXP's elimination criteria are as follows: 1, and sales ranking is the basis; 2. Customer representativeness is an important weight; 3. Regional distribution is considered comprehensively. So when these standards are combined, nearly half of the agents are stuck outside the door. Merger and acquisition of giants is really half seawater and half flame.
In the merger of Broadcom and Anhuagao, the list of agents surprised the industry. This time, Qualcomm has obviously learned many lessons and done a lot of work to balance interests. In addition to the distribution of digikey, mouser, e-League, Rochester and other directories, according to Jianghu rumors and various speculations, the latest list of NXP's agents should be: Anfuli-USA, iResearch-USA, Shiping-Taiwan Province, China, Fuchang-Canada, Yewen-Taiwan Province, China, Eden- Taiwan Province, China and CLP-China.
And our familiar Ke Tong Group, Runxin Technology, makes you stronger, more accessible and more versatile. This time, you may face the fate of being shuffled! It seems that the various strengths of the original factory will continue. There are also rumors that Pinjia has not passed the dangerous period and is still on probation. It is expected that there will be a clear result by the end of the year. I guess the most likely reason is that Pinjia is a subsidiary of the conference, Shiping and Pinjia, so just leave one?
In addition, the original IDH, such as Weineng Technology, Tianji Electronics, Ding Xin Unlimited, etc. , will continue to retain their identity; Of course, in the end, it depends on performance. The eliminated agents also have a transition period, and the situation is really a bit chaotic!
NXP has a deep foundation in automotive electronics, Internet of Things and mobile terminals, which can complement Qualcomm. Because both new energy vehicles and the Internet of Things are the general direction of the industry, Qualcomm's technology was mainly concentrated in the field of mobile phones. If you don't want to miss the opportunity of future development, you will naturally acquire NXP. After the merger, Qualcomm will form its own technological advantages in the fields of automotive semiconductors, microcontrollers and security connection solutions.
Qualcomm is a pure design company, while NXP is an IDM company with 7 semiconductor fabs and 7 semiconductor packaging and testing markets. This integration is also very challenging. In addition, NXP has as many as 45,000 employees worldwide, far exceeding the 33,000 employees in Qualcomm. The arrangement and adjustment of follow-up personnel and interests is also a huge project and challenge.