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Qualcomm Will Be M&A Player as Chipmakers Consolidate, CEO Says

Qualcomm Inc., the world’s largest maker of chips for mobile phones, won’t sit on the sidelines as rivals get larger, according to its chief executive officer.

“Qualcomm is very likely to be some form of actor in the consolidation of the semiconductor industry,” CEO Steve Mollenkopf said in an interview Tuesday at Bloomberg headquarters in New York. “The timing of which is always the debate.”