Broadcom cuts Qualcomm offer to $117 billion after new NXP deal
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February 22, 2018 5:52 AM EST
Samsung Electronics Co., Ltd., a world leader in advanced semiconductor technology, and Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated (NASDAQ: QCOM), today announced their intention to expand their decade-long foundry relationship into EUV (extreme ultra violet) lithography process technology, including the manufacture of future Qualcomm® Snapdragon 5G mobile chipsets using Samsung's 7-nanometer (nm) LPP (Low Power Plus) EUV process technology.
Using 7LPP EUV process technology, Snapdragon 5G mobile... More
February 21, 2018 1:51 PM EST
Qualcomm Incorporated (NASDAQ: QCOM) today issued the following statement in response to today's reduced proposal by Broadcom Limited (NASDAQ: AVGO) to acquire all outstanding shares of Qualcomm for $79.00 per share ($57.00 in cash and $22.00 in Broadcom stock):
"Broadcom's reduced proposal has made an inadequate offer even worse despite the clear increase in value to Qualcomm stockholders from providing certainty around the... More
February 21, 2018 10:14 AM EST
Stifel lowered its price target on Qualcomm (NASDAQ: QCOM) to $68.00 (from $82.00) while maintaining a Hold rating.
Analyst Kevin Cassidy said Broadcom's lower offer of $79/share may concern QCOM shareholders and motivate a vote for Broadcom board nominees.
"Based on unscientific conversations... More
