“Our fourth quarter performance marked an important milestone in the resumption of our annual growth trajectory,” says CEO Rick Clemmer, “fourth quarter HPMS segment revenue was $2.06 billion, an increase of 58% year on year and a decline of 2% sequentially. Fourth quarter Standard Products segment revenue was $323 million, up 19% year on year, and up 1% sequentially. On a full-year basis, HPMS revenue was $8.09 billion, up 71% from 2015 and Standard Products revenue was $1.22 billion, down 2% versus the same period a year ago.”

“We view our recent revenue performance as a positive indication that the Freescale (FSL) and NXP integration continues to progress very well, ” concludes Clemmer.

In June 2016 Qualcomm bought NXP, paying for the acquisition using cash and new debt. The combined company is expected to have sales of $30 billion a year.

“With innovation and invention at our core, Qualcomm has played a critical role in driving the evolution of the mobile industry. The NXP acquisition accelerates our strategy to extend our leading mobile technology into robust new opportunities, where we will be well positioned to lead by delivering integrated semiconductor solutions at scale,” said Qualcomm CEO Steve Mollenkopf.

By: DocMemory
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