Seeking Alpha: Qualcomm Bets Big on NXP Semiconductors
Bram De Haas, author at Seeking Alpha, discusses his idea of the month: NXP Semiconductors. He also weighs in on Qualcomm's bid for the company.
The deal is waiting for final approval from regulators as some activist firms are requesting that NXP shareholders deny the offer. De Haas talks about the innovations NXP is making in IoT and self-driving technology. NXP chips are in products such as the home thermostat Nest, Amazon Echo, and Google's self-driving cars.
Chair Jerome Powell says the Federal Reserve only expects to cut rates once in 2024. But at least, as one economist says, ‘rate hikes are off the table.’
With the Fed likely set to leave rates unchanged, lower and middle income Americans will continue dealing with higher credit card interest and expenses.