Broadcom may be planning $100 billion bid for Qualcomm

Broadcom's bid for Qualcomm may be made in the coming days and could be an offer of about $70 a share, including cash and stock

By Digit NewsDesk | Published 06 Nov 2017 12:48 IST
HIGHLIGHTS
  • The bid may be made in the coming days and could be an offer of about $70 a share, including cash and stock

Broadcom may be planning $100 billion bid for Qualcomm
Broadcom may be planning $100 billion bid for Qualcomm

It seems like Apple may not be the only other company Qualcomm may have to battle. Bloomberg reports that rival chipset manufacturer, Broadcom Ltd. is planning a $100 billion bid for Qualcomm. The report notes that an offer of about $70 a share would include cash and stock. Sources told the publication that the bid is likely to be made in the coming days.  Purchasing Qualcomm would turn Broadcom into the third-largest chipset maker in the world, behind Intel and Samsung. Qualcomm is currently one of the dominant suppliers of chips for mobile handsets.  

Qualcomm is currently embroiled in a courtroom battle against Apple, accusing the Cupertino-based company of infringing on its terms of licence. The company claims that Apple used its access to Qualcomm’s proprietary software to help its rival, Intel. Qualcomm also claims that Apple is not allowing an audit of how it handles its software. Something which is apparently a part of Qualcomm’s contract. It was also reported that an Apple engineer working with a competitor also requested information from a colleague on Qualcomm’s data download technology.

The lawsuit came just a few days after reports surfaced that Apple was planning on dropping Qualcomm’s chipsets altogether. The two companies have been working together for almost a decade. This may be a part of Apple’s strategy of moving all manufacturing in house. Apple ditched Imagination Technologies for the supply of PowerVR GPUs on its iPhones, and now equips its current generation of iPhones with its own GPU.

Digit NewsDesk
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broadcom qualcomm broadcom bid for qualcomm broadcom qualcomm
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