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Cars have become rolling computers, crammed with features driven by computers and software.
The chip sector has been undergoing a huge wave of consolidation in the last year, and Qualcomm has several other attractive targets aside from NXP.
Deutsche Bank trimmed its rating on Intersil (ISIL) stock to 'hold' on Wednesday after the company agreed to be bought by Renesas Electronics.
Wall Street endured a sharp selloff, giving back all gains seen in a Federal Reserve-inspired rally a day earlier.