高通收购恩智浦公司的并购动因分析

Qualcomm’s Acquisition of NXP’s M&A Motivation Analysis

摘要: 从2016年开始，高通拟对NXP进行并购。如今，中国商务部予以批准高通第二次反垄断申请，高通即将彻底完成对于NXP的收购。本文通过期望理论、同行业竞争理论、1 + 1 > 2理论、市场势力理论，主要从并购方高通公司的角度进行了并购动因分析，得出结论，为企业并购提供一定借鉴意义。

Abstract: In 2016, Qualcomm intended to acquire NXP. Recently, the Ministry of Commerce of the People’s Republic of China has approved Qualcomm’s second anti-monopoly application, and Qualcomm is about to complete the acquisition of NXP. Through the theory of expectation, horizontal competition, “1 + 1 > 2”, and market power, this paper mainly analyzes the motivation of mergers and acquisitions from the perspective of acquirer, Qualcommand summarizes the conclusion. It provides a certain reference for corporate mergers and acquisitions.