 On 27 October 2016, it was announced that Qualcomm would try to buy NXP, but because the Chinese merger authority did not approve the acquisition before the deadline set by Qualcomm, it was effectively cancelled on 26 July 2018.NXP said it was the fifth-largest non-memory semiconductor supplier in 2016, and the leading semiconductor supplier for the secure identification, automotive and digital networking industries.The company was founded in 1953 as part of the electrical and electronics firm Philips, with manufacturing and development in Nijmegen, Netherlands.