In mobile segment, the company will focus on SoCs, 3G/4G modems and security. The combination of Qualcomm's and NXP's deep customer and ecosystem relationships and distribution channels enables the ability to deliver leading products and platforms at scale in mobile, automotive, IoT, industrial, security and networking. Qualcomm expects to generate $500 million of annualized run-rate cost synergies within two years after the transaction closes. "The combination of Qualcomm and NXP will bring together all technologies required to realize our vision of secure connections for the smarter world, combining advanced computing and ubiquitous connectivity with security and high performance mixed-signal solutions including microcontrollers," said Rick Clemmer, NXP chief executive officer.