EL SEGUNDO, CA — Nokia and Motorola will up their semiconductor spending by the highest percentage among the world’s top-10 OEM chip buyers in 2005 and 2006, iSuppli Corp. predicts.
Nokia, the top seller of mobile phones, will boost chip spending 15.1% in 2006, up from 12.7 %p last year. Motorola, which ranks second, is projected to increase semiconductor purchasing 14.5% this year from 20.7% in 2005.
The transaction is subject to customary closing conditions,
including IDW stockholder approval and certain regulatory approvals, and is expected to close in the fourth quarter.