The company now plays very much in the same league as Texas Instruments and Avago Technologies , often competing with these chip titans for the very same IoT and automotive contracts. The semiconductor sector is simplifying, but high-powered rivalries are not going away.
"Through this merger we have created an industry powerhouse focused on the high growth opportunities in the Smarter World, capitalizing on the emerging opportunities offered by the accelerating demand for connectivity, processing and security," said NXP CEO Rick Clemner in a press statement.
Credit rating experts agree, upgrading NXP's creditworthiness across the board based on the economies of scale and retirement of Freescale debt.
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The article How NXP Semiconductors, N.V. Gained 19% in November originally appeared on Fool.com.
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