NXP recently released its second quarter financial report. Regarding the acquisition, NXP said it had received a notice from Qualcomm to terminate the acquisition, and Qualcomm would pay a cancellation fee of US$2 billion.
NXP's second-quarter financial report showed that revenue in the second quarter was $2.29 billion, up 4% year-on-year, and up 1% from the previous quarter. Net profit attributable to NXP shareholders was $54 million, an increase of 10.2% from $49 million in the same period last year.
For the failure of Qualcomm's acquisition of NXP, NXP's president and CEO Richard Kramer said that although 21 months of efforts failed to achieve the deal, it is regrettable, but NXP is still confident about the future, and will Continue to focus on business development in the automotive, security and Internet of Things sectors.