Qualcomm Inc agreed to buy NXP Semiconductors NV for about $38 billion in the biggest-ever semiconductor industry deal, expanding the reach of its chips from phones to cars. The deal will make Qualcomm, which provides chips to Android smartphone makers and Apple Inc , the top supplier of chips to the automotive industry and help to reduce its dependence on the smartphone market. San Diego-based Qualcomm, which gets most of its profit from wireless patents it licenses to the mobile industry, has been facing slowing smartphone sales and stiff competition from Chinese and Taiwanese rivals.
By William Schomberg and Costas Pitas LONDON (Reuters) - Britain's economy slowed only slightly in the three months after the Brexit vote and carmaker Nissan said it would build more cars in the country, tempering fears about the immediate economic impact of the decision to leave the European Union. The stronger-than-expected growth figures published on Thursday further diminished the likelihood of the Bank of England cutting rates as soon as next week, prompting investors to sell British government bonds.