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SAN FRANCISCO (AFP) – Apple on Tuesday announced a multi-billion-dollar collaboration with US tech firm Broadcom to make “cutting edge” components for wirelessly connecting to high-speed 5G telecom networks. The iPhone maker did not specify exactly how many billions of dollars it would put into the Broadcom alliance, but said it is part of a commitment to invest in the US economy. “We’re thrilled to make commitments that harness the ingenuity, creativity, and innovative spirit […]
by Rob Lever Agence France-Presse WASHINGTON, United States – The unusual move by President Donald Trump to block a proposed takeover of Qualcomm by a Singapore-based chip rival highlights growing concerns about the rise of Chinese competitors. Trump issued an order Monday barring the proposed $117 billion acquisition, citing credible evidence such a deal “threatens to impair the national security of the United States.” It would have been the biggest-ever deal in the tech sector. Trump’s order made […]
SAN FRANCISCO, United States (AFP) — US President Donald Trump blocked Monday an unsolicited bid by Singapore-based Broadcom to take over smartphone chipmaker Qualcomm, citing national security concerns. Trump issued an order barring the proposed mega-acquisition, saying there is credible evidence such a deal “threatens to impair the national security of the United States,” according to a White House statement. The order came despite Broadcom’s assurances that it would complete its move to the United […]
WASHINGTON, UNITED STATES (AFP) – US chipmaker Qualcomm postponed its annual shareholders’ meeting after secretly requesting a national security review of Broadcom’s bid to take over the company, the Singapore-based Broadcom announced Monday. Qualcomm shareholders were due to meet Tuesday, but Broadcom said it was informed Sunday night that Qualcomm secretly filed a voluntary request on January 29 for US regulators to investigate the deal, and was ordered to postpone the meeting for 30 days. “It should be clear […]
WASHINTON, United States (AFP) — Singapore-based Broadcom said Wednesday it was cutting its offer price for mobile chip maker Qualcomm in the wake of the US firm’s increased bid for Dutch rival NXP. Broadcom reduced its offer to $79 a share, which would still be the largest-ever deal in the tech sector if completed at an estimated value of nearly $117 billion. The move came amid a closely watched hostile bid for Qualcomm which could […]
WASHINGTON, United States (AFP) — US mobile chipmaking giant Qualcomm on Tuesday raised its bid for Dutch rival NXP to an estimated $43 billion as the California-based firm moved to fend off a hostile offer from Singapore’s Broadcom. The new bid amounts to $127.50 per NXP share and aims to satisfy NXP shareholders who had expressed concern the Qualcomm bid was too low. By moving closer to a tie-up with NXP, Qualcomm could make it […]
SAN FRANCISCO, United States (AFP) — Qualcomm said Wednesday its board would “promptly” consider a hostile $121 billion takeover bid by Singapore-based Broadcom following a meeting of top executives of the two computer chipmaking giants. “We met with representatives of Broadcom for two hours earlier today, and listened carefully to what they had to say,” Qualcomm said in a statement. “The Qualcomm board will promptly meet to discuss the meeting and to determine next steps.” The meeting […]
by Rob Lever Agence France-Presse WASHINGTON, United States – Broadcom raised its bid for rival computer chipmaker Qualcomm on Monday to $121 billion, offering the richest-ever takeover effort in the tech sector in an effort to become the dominant player in the fast-growing market for connected devices. Singapore-based Broadcom, which has begun a process to reincorporate in the United States, called the hostile bid its “best and final offer.” The price hike steps up the pressure on California-based […]
