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So compared to what other acquisitions go for these days, one could probably say the price is right.QCOM wants NXPI because of its fast growing automotive sector, betting on growth in the automotive space.Also, just about every other technology company also is betting on the automotive space. Alphabet (GOOG)(GOOGL) has Waymo, Intel (INTC) recently purchased Mobileye (read why I think they will eventually write this acquisition off here), BlackBerry (BBRY) also has high hopes, and Nvidia (NVDA) also is betting on the automotive sector. And these are just a few there are hundreds of other companies all over the world betting on the space.So while I do agree that automotive chips and self driving technology are a driver for future growth, I'm not that sure that paying $38B to get a division that is growing by 10% is worth it.NXPI ended the quarter with gross debt of $6.55B and $2.24B in cash.

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iPhone Cases
iPhone Cases
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iPhone Cases
iPhone Cases