Qualcomm is acquiring NXP Semiconductors for $47 billion – the biggest deal yet in the chip industry – as the company looks to amp up its sales channels around the Internet of Things.

NXP acquires Aviva Links for $242.5M to expand in-vehicle connectivity, targeting growth in ADAS and software-defined vehicles. Aviva Links brings advanced ASA-compliant solutions, supporting data ...

In the latest market close, NXP Semiconductors (NXPI) reached $214.09, with a +1.83% movement compared to the previous day. The stock's change was more than the S&P 500's daily gain of 0.73%.