Why NXP Buy Is a Defensive Move for Qualcomm

Qualcomm is strategically shifting from handsets to the auto market to diversify its revenue. The deal is funded by non-US cash and debt, aiming to retain its investment grade rating. However, risks include integration challenges due to cultural and product differences. The semiconductor industry is ripe for consolidation, with many small companies lacking scale.

Discuss the potential cultural differences between Qualcomm and NXP.

What is the significance of the semiconductor industry being ripe for consolidation?