Broadcom to formally abandon Qualcomm bid, report says

After President Donald Trump issued an executive order blocking Broadcom's proposed takeover of U.S. chipmaker Qualcomm, the Singapore-based company will formally announce an end to acquisition efforts, a report said Tuesday.

Mikey Campbell 8 years ago 9

Trump blocks Broadcom takeover of Qualcomm citing national security risk

President Donald Trump has quashed Singapore-based Broadcom's hostile pursuit of U.S. chipmaker Qualcomm citing national security concerns, the White House said in a statement on Monday.

Mikey Campbell 8 years ago 37

Broadcom plans to 'redomicile' in US to nullify Qualcomm deal's CFIUS investigation delay

Broadcom is looking for shareholder approval to "redomicile" back to the U.S., to side-step the effects of a pause induced by a CFIUS investigative process, which could have ultimately stopped it's attempt to take over Qualcomm.

Stephen Silver 8 years ago 4

Intel reportedly poised to make defensive Broadcom bid amidst chip industry tumult

In mulling its options over Broadcom's attempt to takeover embattled chip maker Qualcomm, Intel is reportedly considering an acquisition of Broadcom itself, a move designed to thwart the creation of a major industry competitor.

Mikey Campbell 8 years ago 8

Benchmarks on shipping hardware find iPhone X superior to Samsung Galaxy S9+

With the Galaxy S9 and S9+ now in the hands of tech reviewers, some are beginning to evaluate how Samsung's latest handsets stacks up against Apple's flagship iPhone X. One head-to-head shows the S9's Qualcomm Snapdragon 845 CPU, while speedy, is easily bested by Apple's A11 Bionic power plant.

Mikey Campbell 8 years ago 16

Broadcom's Qualcomm takeover plans pose national security risk, US Treasury says

The U.S. government considers there to be possible national security risks in Broadcom's proposed $117 billion acquistion of Qualcomm, enough to warrant a full-scale investigation, the U.S. Treasury's deputy assistant secretary for investment security said in a letter to the two Apple suppliers.

Roger Fingas 8 years ago 30

'Blatant, desperate' CFIUS investigation request postpones Broadcom's $117B Qualcomm bid

The U.S. Treasury Department's Committee on Foreign Investment (CFIUS) has ordered Apple supplier Qualcomm to delay a shareholders meeting 30 days, postponing — if not potentially derailing — Broadcom's attempted $117 billion hostile takeover.

Roger Fingas 8 years ago 5

Qualcomm unveils 2-gigabit LTE modem amid rumors Apple's iPhone going Intel-only

Qualcomm on Wednesday revealed the Snapdragon X24, its latest LTE modem for mobile devices, with peak download speeds hitting 2 gigabits per second — though Apple may choose to forego the technology in its next iPhones.

Roger Fingas 8 years ago 38

Apple suppliers Qualcomm & Broadcom to meet directly to talk $121B acquisition deal

Qualcomm and Broadcom will reportedly meet on Wednesday in order to discuss the latter's $121 billion takeover offer, despite Qualcomm's repeated rejections in the past.

Roger Fingas 8 years ago 2

Qualcomm board unanimously rejects Broadcom's $121B takeover bid

Qualcomm on Thursday said its board of directors has unanimously rejected a revised $121 billion buyout offer from Broadcom, saying the proposal "materially undervalues" the chipmaker's assets.

Mikey Campbell 8 years ago 12

Broadcom upping Qualcomm hostile takeover bid to $121 billion

The hostile takeover of Qualcomm continues, with Broadcom offering not just $60 per share of Qualcomm, but more than double the amount of stock for the combined entity that current shareholders will reap, should the deal conclude.

Mike Wuerthele 8 years ago 4

KGI: Intel might be exclusive modem supplier for 2018 iPhone lineup, Qualcomm iced out

According to noted analyst Ming-Chi Kuo, Intel's baseband chips are expected to power communications across Apple's entire 2018 iPhone lineup, a supplier switch that, if true, would deal a major blow to market leader Qualcomm.

Mikey Campbell 8 years ago 38

Qualcomm share prices drop despite rosy earnings, new Samsung deal

Despite beating street estimates on the back of market diversification, Qualcomm stock is down in aftermarket trading as shareholders await the resolution of external issues including an ongoing Apple licensing dispute, government probes and a hostile takeover by competitor Broadcom.

Mikey Campbell 8 years ago 6

EU slaps Qualcomm with $1.23 billion fine over illegal chip payment to Apple

The European Union on Wednesday announced that it determined chipmaker Qualcomm illegally shut out rivals when it paid Apple billions of dollars to stick with its LTE baseband chips for five years. Qualcomm will pay a hefty price for its misdeeds: 997 million euros, or $1.23 billion U.S.

Neil Hughes 8 years ago 33

EU tipped to sanction Qualcomm over Apple chip deal with potential $2B fine

The European Commission is reportedly preparing to sanction Qualcomm for anti-competitive practices in supplying components to Apple for use in its iPhones, with the antitrust watchdog potentially levying a fine against the chip producer of up to $2 billion.

Malcolm Owen 8 years ago 19

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