NXP acquires Freescale in $12b deal to create top auto chipmaker

NXP acquires Freescale in $12b deal to create top auto chipmaker

A man works on a tent for NXP Semiconductors in preparation for the 2015 International Consumer Electronics Show (CES) at Las Vegas Convention Center in Las Vegas, Nevada January 4, 2015. REUTERS/Steve Marcus

NXP has closed its nearly $12 billion deal to acquire Freescale, doubling the proportion of auto-related revenue to 40 percent to create the world’s top maker of automotive electronics, the company said on Monday.

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