Tag: smartphone chips

Broadcom lowers offer for Qualcomm as takeover saga continues

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 […]