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Shares of Austin, Tex.-based Freescale Semiconductor Ltd. (NYSE: FSL) jumped more than 8% this morning on news the chipmaker will be purchased by NXP Semiconductors NV (Nasdaq: NXPI) for $11.8 billion. The deal will create a combined company that will make it the semiconductor industry leader in the auto and industrial markets. Shares of NXPI surged more than 12% on the news. This is the largest merger in the semiconductor industry this year.