Approvals delay Qualcomm acquisition of NXP

Qualcomm has announced an extension of its deal to purchase NXP . The agreement is subject to regulatory approval in multiple jurisdictions. Similar to Broadcom’s recent purchase of Brocade this can be held up. Bloomberg is reporting that the EU is close to approving the Qualcomm/NXP deal. But Qualcomm has another challenge. Activist investor Elliott…

Broadcom seeks to change Qualcomm’s board and mind.

Broadcom  is seeking to change Qualcomm‘s mind on the unsolicited merger announced recently. Qualcomm rejected the bid, and now Broadcom’s next step is seen. (Broadcom to Nominate Slate of 11 Independent, Highly Qualified Directors for Election at Qualcomm’s 2018 Annual Meeting) Broadcom is proposing 11 new board members to Qualcomm’s board at the Annual Meeting in…

Marvell has designs on Cavium

Chipmaker Marvell has announced its intention to acquire smaller rival Cavium for $6bn. (Marvell and Cavium to Combine Creating an Infrastructure Solutions Powerhouse.) This deal is dwarfed by the recent Broadcom announcement regarding Qualcomm but is for the same reasons. Unlike the Broadcom/Qualcomm deal, this is agreed upon by both sides. The deal offers $40…

Broadcom completes drawn-out acquisition of Brocade

Broadcom has finally achieved completion on its acquisition of Brocade. Announced in November 2016, this deal has finally completed. Brocade disposed of various units, such as the vRouter team to AT&T. The closing of the deal also releases others for completion. Expect to see deals closing soon including its Wifi business, Ruckus, and IP and…

Qualcomm doesn’t like Broadcom’s bid

Qualcomm has firmly rebuffed Broadcom‘s bid for them. (Broadcom plans $103bn takeover of Qualcomm.) In a strongly worded press-release Qualcomm’s Board of Directors have rejected Broadcom’s unsolicited bid, and stood behind CEO Steve Mollenkopf, and his plans for the future of Qualcomm. “The Board and Management are singularly focused on driving value for Qualcomm’s shareholders.…

Qualcomm ships Centriq 2400 ARM server processor

Qualcomm has announced that its new ARM-based server chip is available for commercial shipment. The Centriq 2400 is an ARMv8 64 bit CPU, with 48 cores running at upto 2.6Ghz. Using Samsung‘s 10nm FinFET process for its construction, able to access up to 768GB of memory, a 268Gb/s ring bus links the 48 cores. Centriq…

Broadcom plans $103bn takeover of Qualcomm

Having announced a move of their headquarters to the US, Broadcom  is now targeting another chipmaker for a takeover. Even with the Brocade deal stuck in CIFUS negotiations, they are looking to target Qualcomm . Given that both Qualcomm and Broadcom have income streams from WiFi and LTE chipsets. The combination of both companies will potentially…

President Trump announces Broadcom HQ relocation back to the US

An effort is being made to move forward on the Broadcom and Brocade deal, currently stuck in negotiations with CIFUS. Broadcom CEO Hock Tan yesterday met US President, Donald Trump, in the Oval Office. Together they made an announcement that Broadcom will bring their headquarters back to the US. The statement is being widely reported in…