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