Broadcom unlikely to slow down its acquisition of Qualcomm despite Trump blocking it for national security reasons
7 years ago

Broadcom unlikely to slow down its acquisition of Qualcomm despite Trump blocking it for national security reasons

Firstpost  

Most analysts assume Broadcom will now walk away from Qualcomm, with some flagging San Jose-based Xilinx Inc and Israel’s Mellanox Technologies. Broadcom Ltd Chief Executive Hock Tan is unlikely to slow his acquisition spree after U.S. President Donald Trump blocked the microchip maker’s $117 billion bid for Qualcomm Inc on national security grounds, analysts said on Tuesday. Most analysts assume Broadcom will now walk away from Qualcomm, with some flagging San Jose-based Xilinx Inc and Israel’s Mellanox Technologies Ltd, both diversified makers of communications chips, as likely next targets. The Committee on Foreign Investment in the United States, which raised concerns about the Qualcomm deal with Trump, listed the highly leveraged nature of Broadcom’s bid for its larger rival as a major concern coupled with the risk of the U.S. losing mobile technology leadership.

Trump Billion Tan Deal Analysts Qualcomm Chips Cfius Security Reasons Broadcom Xilinx Mellanox  unlikely  security  reasons  xilinx  slow  united  blocking  broadcom  chips  deal  billion  wireless  qualcomm  trump  analysts  despite  national  value

History of this topic

Broadcom, TSMC eye possible Intel deals to split storied chipmaker: Report
1 month, 2 weeks ago

Broadcom, TSMC eye possible Intel deals to split storied chipmaker: Report

The Hindu  

Intel's rivals Taiwan Semiconductor Manufacturing Co and Broadcom are each eyeing potential deals that would break the U.S. chipmaking icon in two, the Wall Street Journal reported on Saturday, citing people familiar with the matter. TSMC, the world's biggest contract chipmaker, has separately studied controlling some or all of Intel's chip plants, potentially as part of an investor consortium or …

Qualcomm's Acquisition of Israeli Chipmaker Autotalks To Face US FTC Probe: Report
1 year, 7 months ago

Qualcomm's Acquisition of Israeli Chipmaker Autotalks To Face US FTC Probe: Report

ABP News  

An imminent in-depth inquiry by the US Federal Trade Commission into Qualcomm's purchase of Autotalks, an Israeli auto-chip manufacturer, is on the horizon, according to exclusive information from Politico insiders. The move comes after Qualcomm's announcement in May of its intention to acquire Autotalks Ltd, a key player in the development of crash-prevention chips for vehicles. The core expertise of …

Chipmaker Broadcom is in talks to buy cybersecurity company Symantec: Report
5 years, 8 months ago

Chipmaker Broadcom is in talks to buy cybersecurity company Symantec: Report

Firstpost  

A deal would expand Broadcom’s push into software a year after its $18.9 billion deal to buy US business software company CA Inc Chipmaker Broadcom Inc is in advanced talks to buy cybersecurity firm, Symantec Corp, according to sources familiar with the matter, as Broadcom seeks to diversify beyond semiconductors. A deal would expand Broadcom’s push into software a year …

Broadcom sales would see $2 billion knocked off thanks to US-China trade war
5 years, 9 months ago

Broadcom sales would see $2 billion knocked off thanks to US-China trade war

Firstpost  

Broadcom is known for communications chips that power Wi-Fi, Bluetooth and GPS connectivity. Broadcom Inc sent a shockwave through the global chipmaking industry on Friday with its forecast that US-China trade tensions and the ban on doing business with Huawei Technologies would knock $2 billion off the company’s sales this year. “We’ll see a very sharp impact simply because no …

Qualcomm considers NXP Semiconductors acquisition matter as closed
6 years, 3 months ago

Qualcomm considers NXP Semiconductors acquisition matter as closed

Firstpost  

China was “open to approving the previously unapproved” deal for Qualcomm to acquire NXP. US smartphone chip manufacturer Qualcomm Inc considers the prospect of an acquisition of NXP Semiconductors as closed, the company said on Monday. “While we were grateful to learn of President Trump and President Xi’s comments about Qualcomm’s previously proposed acquisition of NXP, the deadline for that …

Trump: China will approve $44 billion Qualcomm merger
6 years, 4 months ago

Trump: China will approve $44 billion Qualcomm merger

CNN  

New York CNN Business — President Donald Trump says China is willing to approve a major merger between American chip maker Qualcomm and rival NXP. A victim of tension between the United States and China, Qualcomm and NXP had waited forregulatory approvals for nearly two years before Xi’s administration let the clock run out. Trump and Chinese President Xi Jinping …

Qualcomm has cut 1,500 jobs in its California facilities in order to save costs
6 years, 11 months ago

Qualcomm has cut 1,500 jobs in its California facilities in order to save costs

Firstpost  

Workers were told of the layoffs on Wednesday. A company spokesperson was quoted as saying that this move, a reduction of full-time and temporary workforce, is a part of the cost reduction plan announced in January US Chipmaker Qualcomm started to cut jobs at its facilities in California in order to meet the company’s promise to investors to cut costs …

Broadcom successfully completes move back to the United States from Singapore
6 years, 11 months ago

Broadcom successfully completes move back to the United States from Singapore

Firstpost  

Broadcom, which was a U.S. company until it was bought in 2016 by Singapore’s Avago, had announced its plan to redomicile on 2 November. Broadcom Inc said on Wednesday it had completed its move back to the United States from Singapore, weeks after President Donald Trump blocked its $117 billion offer to buy Qualcomm Inc on national security grounds. Broadcom, …

Donald Trump blocks $150b Qualcomm takeover by Broadcom on national security grounds
7 years ago

Donald Trump blocks $150b Qualcomm takeover by Broadcom on national security grounds

ABC  

United States President Donald Trump has blocked the $US117 billion takeover of the nation's leading 5G mobile communications developer by Singapore-based technology giant Broadcom, citing national security fears. Key points: Donald Trump blocks the world's most expensive technology company takeover over on "national security" grounds Broadcom was attempting to buy the Qualcomm for $150 billion Mr Trump has already used …

Fear of China Scuttles Deal That Didn't Involve China
55 years, 3 months ago

Fear of China Scuttles Deal That Didn't Involve China

Wired  

President Donald Trump blocked Broadcom's proposed $105 billion acquisition of fellow wireless chip giant Qualcomm on Monday amidst mounting fears that US could fall behind China on technology innovation. And in November, Broadcom CEO Hock Tan announced that the company would move its main office back to the US---while standing next to Donald Trump during a press conference at the …

Donald Trump is the toast of Scandinavia’s boardrooms
7 years ago

Donald Trump is the toast of Scandinavia’s boardrooms

Live Mint  

London: Donald Trump was the toast of Nordic boardrooms on Tuesday morning, after he blocked Broadcom Ltd.’s proposed acquisition of Qualcomm Inc. Telecoms equipment giants Nokia Oyj and Ericsson AB depend on Qualcomm for crucial chipsets used in their networks. Should Qualcomm’s designs fall behind, that would threaten the Scandinavians’ ability to keep pace with Huawei and, increasingly, Samsung. The …

Donald Trump blocks Broadcom's proposed takeover of Qualcomm on grounds of national security
7 years ago

Donald Trump blocks Broadcom's proposed takeover of Qualcomm on grounds of national security

Firstpost  

San Diego-based Qualcomm has emerged as one of the biggest competitors to China’s Huawei Technologies Co in the sector, making Qualcomm a prized asset. US President Donald Trump on Monday blocked semiconductor maker Broadcom Ltd’s proposed takeover of Qualcomm on grounds of national security, ending what would have been the technology industry’s biggest deal ever. Qualcomm had earlier rebuffed Broadcom’s …

Qualcomm delays annual shareholder meet and a showdown with Broadcom after US national security panel steps in
7 years ago

Qualcomm delays annual shareholder meet and a showdown with Broadcom after US national security panel steps in

Firstpost  

Separately, Broadcom said the decision was the result of secret moves made by Qualcomm on 29 January to encourage an investigation into the proposed $117 billion buyout offer. A US national security panel on Sunday ordered Qualcomm to put off its 6 March annual shareholder meeting, delaying a long-awaited showdown in the company’s attempt to see off a takeover bid …

Qualcomm should negotiate with Broadcom on a deal, ISS says
7 years, 1 month ago

Qualcomm should negotiate with Broadcom on a deal, ISS says

Live Mint  

San Francisco: Broadcom Ltd’s bid for Qualcomm Inc. is a good place to start negotiations between the two companies on what would be the biggest deal in the history of technology, according to Institutional Shareholder Services Inc. “Qualcomm’s optimistic vision of the future would likely resonate more effectively among shareholders if the company’s track record was more like that of …

Qualcomm rejects Broadcom's revised buyout offer of $121 billion and proposes a meeting to address the bid's deficiencies
7 years, 1 month ago

Qualcomm rejects Broadcom's revised buyout offer of $121 billion and proposes a meeting to address the bid's deficiencies

Firstpost  

Qualcomm’s response attempts to find balance between continued resistance to Broadcom’s takeover attempt and heeding the calls of some Qualcomm shareholders US semiconductor company Qualcomm Inc on 8 February rejected Broadcom Ltd’s revised $121 billion buyout offer, but proposed meeting its peer to see whether they can address what it called the bid’s “serious deficiencies in value and certainty.” Qualcomm’s …

Broadcom reports better-than-expected quarterly proft after its bid to acquire Qualcomm intensifies
7 years, 3 months ago

Broadcom reports better-than-expected quarterly proft after its bid to acquire Qualcomm intensifies

Firstpost  

Broadcom’s move came after Qualcomm rejected its $70 per share bid, saying the offer undervalued the company and would face regulatory hurdles. Broadcom Ltd on 6 December reported a better-than-expected quarterly profit and boosted its dividend by 72 percent, days after the chipmaker took its $103 billion bid for Qualcomm Inc hostile. Shares of Broadcom rose 5 percent in extended …

Qualcomm rejects Broadcom acquisition offer, setting up $103 billion proxy fight
7 years, 4 months ago

Qualcomm rejects Broadcom acquisition offer, setting up $103 billion proxy fight

Live Mint  

San Francisco: Qualcomm Inc. rejected Broadcom Ltd’s $105 billion acquisition offer, kicking off what would be the largest technology takeover battle in history. “It is the board’s unanimous belief that Broadcom’s proposal significantly undervalues Qualcomm relative to the company’s leadership position in mobile technology and our future growth prospects,” said Paul Jacobs, executive chairman and chairman of the board of …

Qualcomm plans to reject Broadcom's $103 billion buyout; says $70 per share bid undervalues the company
7 years, 4 months ago

Qualcomm plans to reject Broadcom's $103 billion buyout; says $70 per share bid undervalues the company

Firstpost  

Broadcom has also been deliberating the possibility of raising its bid for Qualcomm, including through more debt financing, some of the sources said, although it was not clear when Broadcom would choose to make such a move. US chipmaker Qualcomm Inc is making preparations to reject rival Broadcom Ltd’s $103 billion bid as early as this week, four people familiar …

Qualcomm Deal to Create Chip Giant Faces Long Odds
7 years, 4 months ago

Qualcomm Deal to Create Chip Giant Faces Long Odds

Wired  

Last week Hock Tan, CEO of the chipmaker Broadcom, joined President Donald Trump in the Oval Office for a major announcement: the company would move its headquarters from Singapore to the US. "It's hard for me to see how it could get approved from a regulatory standpoint because it would increase the power they have over their smartphone customers," says …

Deals Buzz: Broadcom offers $105 billion for Qualcomm, up to be largest tech deal
7 years, 4 months ago

Deals Buzz: Broadcom offers $105 billion for Qualcomm, up to be largest tech deal

Live Mint  

Mumbai: Mint brings to you your daily dose of top deals reported by newsrooms across the country. Ltd, in a transaction that may rank among India’s largest renewable energy deals, reports Mint, citing multiple people aware of the development. Everstone Group agrees to buy Kenstar from Videocon associate firm Private equity firm Everstone Group has agreed to acquire Kenstar, a …

Broadcom offers to buy chip-maker Qualcomm in a $103 billion cash deal
7 years, 4 months ago

Broadcom offers to buy chip-maker Qualcomm in a $103 billion cash deal

Firstpost  

Qualcomm shareholders would get $60 in cash and $10 per share in Broadcom shares. Communications chipmaker Broadcom Ltd on 6 November said it offered to buy smartphone chip supplier Qualcomm Inc for $70 per share or $103 billion in cash and stock, in what would be the biggest technology acquisition ever. Broadcom’s offer is at a premium of 27.6 percent …

Broadcom offers $105 billion for Qualcomm in landmark deal
7 years, 4 months ago

Broadcom offers $105 billion for Qualcomm in landmark deal

Live Mint  

San Francisco: Broadcom Ltd offered about $105 billion for Qualcomm Inc., kicking off an ambitious attempt at the largest technology takeover ever in a deal that would rock the electronics industry. The lawsuit may prompt Apple to stop buying Qualcomm chips for use in the iPhone and other products, which would deal a major blow to a unit that drives …

Discover Related