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Broadcom Offer to Qualcomm Decreased by $117 Billion after NXP Bid Raised


Microchip manufacturing company, Broadcom Limited, has slashed its bid for Qualcomm Inc. by 4 percent, ending at $117 billion. Broadcom raised objection to the decision taken by Qualcomm to raise its own bid for NXP Semiconductors NV to $44 billion.

Responding to Broadcom’s offer, Qualcomm said that the offer made by Broadcom had made “an inadequate offer even worse.” On March 6, the board of directors of Qualcomm will convene to decide whether to hand control to a team of six nominees that has been proposed by Broadcom.

If the deal works out, then the alliance between Broadcom and Qualcomm will be the largest acquisition in the technology sector ever. The acquisition has taken center stage as it will be consolidating the wireless technology equipment sector as companies like Samsung and Apple are dominating the market and negotiating lower chip prices.

In a statement, Broadcom said, “Qualcomm’s board acted against the best interested of its stockholders.” It further added that the bid raised by Qualcomm will result in overpaying for NXP and end up cutting its own bid.

Anirudh Menon
Anirudh Menon
I have adorned multiple hats during my professional journey. My experience of 14 years comes in areas like Sales, Customer Service and Marketing. My journey as a professional writer started 5 years back, when I started writing for an in-house magazine for my employer. Having successfully delivered many in-house projects, it encouraged me to take my skill to the world. As on day, I have written articles, blogs website content for various industries like Information Technology, Start-up, Retail and Government. The subjects that I have covered range from Digital Marketing, SAP Cloud Platform, Cloud Computing, Content Marketing , Politics. Enhancement is a process and I constantly thrive to add more subjects in my portfolio. Over and above content writing, I also train language and communication to students who want to brush up their speaking skills. I am a part time trainer for IELTS coaching and also work as a budding voice over artist.

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