Qualcomm (QCOM) PT Lowered to $68 at Stifel; Lower Offer Could Drive Shareholders to Vote for Dissident Directors

Qualcomm (QCOM) and Samsung Electronics Announce Expansion of Foundry Cooperation on EUV Process Technology

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

Broadcom cuts Qualcomm offer to $117 billion after new NXP deal

February 21, 2018 8:32 AM EST

By Greg Roumeliotis

(Reuters) - Microchip maker Broadcom Ltd (NASDAQ: AVGO) cut its bid for Qualcomm Inc (NASDAQ: QCOM) on Wednesday by 4 percent to $117 billion as it objected to Qualcomms decision to raise its own bid for NXP Semiconductors NV (NASDAQ: NXPI) to $44 billion.

Qualcomm responded that Broadcom had made "an inadequate offer even worse," setting up a showdown on March 6, when Qualcomm shareholders are scheduled to elect an 11-member board and decide whether to hand control to a slate of six... More

Broadcom (AVGO) Lowers Offer for Qualcomm (QCOM) to $79 Per Share Following Qualcomm's Revised Agreement to Acquire NXP (NXPI)

February 21, 2018 8:25 AM EST

(Updated - February 21, 2018 8:29 AM EST)

Broadcom Limited (NASDAQ: AVGO) ("Broadcom") today issued the following statement:

Broadcom today reaffirms its commitment to acquiring Qualcomm, and is adjusting its offer following the Qualcomm board's decision to transfer $4.10 per Qualcomm share (or $6.2 billion of value) from Qualcomm stockholders to NXP stockholders. Broadcom is prepared to acquire Qualcomm for $79 per Qualcomm share, consisting of $57 in cash and $22 in Broadcom shares (premised on Qualcomm's revised agreement to acquire NXP at $127.50 per NXP share). In addition, Broadcom's... More