Chipmaker Qualcomm Inc (QCOM.O) is in talks to buy NXP Semiconductors NV (NXPI.O) in a deal that could be valued at more than $30 billion, the Wall Street Journal reported on Thursday.
An agreement could be struck in the next two to three months, the report said, citing people familiar with the matter.
However, the Journal also said it was possible there would be no deal and that Qualcomm was exploring other options.
Netherlands-based NXP and San Diego-based Qualcomm said separately that they did not comment on rumors or speculation.
NXP shares rose 16.9 percent to close at $96.12 on Thursday, while Qualcomm's rose 6.3 percent to $67.45.
Qualcomm was ranked No. 3 in terms of revenue among global semiconductor companies in 2015, while NXP ranked No. 7, according to market research firm IHS.
A deal would consolidate the combined company's position as the third largest, behind top chipmaker Intel Corp (INTC.O) and Samsung Electronics Co Ltd (005930.KS).
As of Wednesday's close, NXP had a market value of about $28.5 billion, while Qualcomm was valued at about $93 billion.
NXP closed a nearly $12 billion deal to buy U.S.-based Freescale Semiconductor last December, creating the world's top maker of automotive electronics and doubling the percentage of its auto-related revenue to 40 percent.
The Freescale deal also bolstered NXP's position in markets for wearable devices and health monitors, building on the company's existing strengths in security and payments.
Qualcomm, which supplies to Android smartphone makers and Apple Inc (AAPL.O), has been struggling with slowing smartphone sales and stiff competition from Chinese and Taiwanese rivals.
The company gets the bulk of its revenue from chip sales but most of its profit comes from wireless patents it licenses to the mobile industry.
Source :http://www.reuters.com/
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