One question is whether European governments will provide additional subsidies to their semiconductor industry in the wake of heightened competition from TI and Broadcom? The semiconductor market is growing primarily in America and Asia, so I would not expect anyone rational would to buy a firm such as NXP. They would most likely buy a firm based in the U.S. or Asia instead if they were actively looking.
The TI move greatly consolidates their position in the analog marketplace. They must see tremendous growth in this space in order to have paid so much. I wonder what the other players in the analog/mixed signal marketplace will do?
This has really strengthened TI's position in the analog space, coupled with their 300mm cost structure, it's game, set and match for TI; a real problem for NXP (who set analog as one of their key survival platforms) and a big worry for Infineon and ST ... in short all of Europe's big three (well, one big and two mediun-sized) chip firms. Their saving grace is Smart Power and dumb analog where TI doesn't yet play but the 'bit in the middle' ... but I doubt that's enought to stop TI eating their lunch. This is eaactly the sort of problem in waiting we've been warning about for the last several years.