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In Qualcomm Inc.’s quest to avoid being swallowed by Broadcom Ltd., its best bet to remain independent may be completing its own giant acquisition. But it is running out of time.
Qualcomm has been working for more than a year to buy NXP Semiconductors NV for $39 billion. Broadcom Chief Executive Hock Tan has said his offer stands whether or not Qualcomm completes its purchase, even though NXP would add 40% to Qualcomm’s revenue and give the combined companies a major presence in the fast-growing market for chips used in cars.