US: Intel looking to buy Broadcom?

According to The Wall Street Journal, Intel is reportedly looking into purchasing Broadcom, assuming Broadcom’s hostile takeover of Qualcomm works out.

Back in November, Broadcom attempted to purchase Qualcomm, in what would be the single largest takeover of a chipmaker ever. The initial offer was declined by Qualcomm’s board of directors, as well as every subsequent counter offer. In response, Broadcom is attempting to replace some of Qualcomm’s board, allowing the purchase to be finalized. Qualcomm has also been trying to purchase NXP Semiconductors, to make matters more complicated.

Reportedly, Intel believes a combined Qualcomm and Broadcom would pose a serious threat to the company. While Intel no longer develops SoCs for smartphones, it still manufactures other components, like cell radios. Intel is eager for the hostile takeover to fail, but if Broadcom succeeds, it may try to purchase the combined company.

Full Content: Wall Street Journal

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