NXP Semiconductors N.V. (NasdaqGS:NXPI) is looking for M&A. Jeff Palmer, Vice President of Investor Relations said, "Now in terms of M&A, we always do small tuck-ins. And by small, we mean things under $100 million. These tend to be either IP shops or small R&D teams that have some unique value to us.

But these are smaller kind of we do these as we operate the business. Large transformative M&A, while the industry probably has to consolidate, we think the regulatory environment globally is not very conducive to large global M&A but we'll always keep our eyes open".