Applied Materials Is Grabbing a New CFO From NXP Semiconductors. That's Great News for...Qualcomm?
When NXP Semiconductors (NASDAQ: NXPI) becomes a part of chip giant Qualcomm (NASDAQ: QCOM) later this year, CFO Dan Durn isn't coming along for the ride. The former financial head of Freescale Semiconductor is moving on to the same role at Applied Materials (NASDAQ: AMAT) on Aug. 7.
This may look like just another career move, but Durn's move puts NXP one step closer to finalizing the merger with Qualcomm. Here's how.
Image sources: Getty Images, NXP, and Qualcomm; edited by the author.
Source: Fool.com
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