The Wall Street Journal reported on Friday that Intel's competitive concern about Broadcom's attempt to buy mobile chip rival Qualcomm had led it to consider a range of acquisitions in response, including a bid for Broadcom.
Broadcom is being relentless when it comes to acquiring Qualcomm, but another company that is watching the deal with a very close eye is Intel. Intel, though, sees its counterpart's focus in the lucrative 5G field as a boon in the waiting.
And to be fair, Broadcom's plan to move to the United States is and has been public since last November. Some may say that the resulting behemoth could be too big for the silicon industry.
Broadcom CEO Hock Tan believes he can resolve the dispute between Qualcomm and Apple.
Tom Crean would have 'keen interest' in Georgia job
Georgia lost Friday to Kentucky in the SEC tournament quarterfinals and finished 18-15 overall, 7-11 in the sec this season. Fox now ranks third in school history in total wins behind Hugh Durham and Herman Stegeman.
In a report by CNBC, a spokeswoman for Intel said that the company does not comment on deal chatter. Out of all the companies, Intel possesses the highest market value, so it will effortlessly be able to give Broadcom a very convincing offer, should the deal go through. In a lengthy article on the topic yesterday, the WSJ noted that a combined Broadcom and Qualcomm could well create serious challenges for Intel in its pursuit of the automotive, data center and mobile markets-thus driving Intel's desire to block the transaction. A combination of Qualcomm and Broadcom would pose a significant threat to Intel. Broadcom is now headquartered in Singapore, but is in the process of relocating its legal base to the United States to allay those issues.
Singapore-based Broadcom's US$117 billion bid for Qualcomm faces concerns by United States regulators anxious about potential Chinese influence on the company and USA ability to influence the creation of the next generation of mobile networks, called 5G.
Intel is reportedly considering a minimum pre-emptive price of US$109 billion for Broadcom to help prevent the merger. Cfius already ordered a one-month delay of Qualcomm's annual shareholder meeting, where Broadcom had been expected to win at least some seats on Qualcomm's board, if not a majority.
It said it had petitioned a Singaporean court on Friday to order the convening of a special shareholder meeting to approve the move.
The company said in its press release today that it supports the CFIUS process and noted that the agency has previously reviewed and cleared its acquisition of Brocade in November 2017.