NXP is reportedly exploring a potential sale to Qualcomm: the deal (if it would happen) could be valued at more than USD 30 billion. Sources familiar with the matter told The Wall Street Journal that the companies could agree on a deal in the next two to three months.
Rolls-Royce has reportedly confirmed that it will be reducing its workforce by another 200 management positions: the company launched a transformation programme last year in a move to make the company agile to changes in the market and with that also save the company between GBP 150 – 200 million per year by 2017.
Nokia has acquired Eta Devices, a US-based start-up specialising in power amplifier efficiency solutions for base stations, access points and devices: the acquisition will aid Nokia to enhance its base station energy efficiency, an increasingly important area for operators on the path to 4.9G and 5G.
LG Chem invests $339 million to build Polish battery plant: the South Korean company is planning to invest PLN 1.3 billion (USD 338.66 million) in a new battery manufacturing facility for electric vehicle batteries by 2018.
The Finnish PCB manufacturer saw its sales increase 47% in the third quarter compared to the previous year – the increase was driven by the automotive industry customers and the German market: aspocomp’s sales in the third quarter increased by 47% compared to the previous year, amounting to EUR 5.6 million (EUR 3.8 million 7-9/2015). In January-September 2016, net sales increased by 18% compared with the corresponding period of 2015, reaching EUR 15.0 million (EUR 12.7 million).