01.12.2024

Broadcom explores deal to buy Qualcomm-Bloomberg

Shares of Qualcomm jumped 18 percent, while Broadcom’s stock climbed 3.5 percent on Friday afternoon.

Broadcom Ltd (AVGO.O) is exploring a deal to buy smartphone chip maker Qualcomm Inc (QCOM.O) and is speaking to advisers, Bloomberg reported on Friday.

No final decisions have been made and there is no guarantee a deal will go ahead, Bloomberg said. bloom.bg/2h8pnlS

The news comes at a time when Qualcomm is already in the process of completing its $38 billion acquisition of NXP Semiconductors NV (NXPI.O). Shares of NXP fell 3 percent.

Qualcomm declined to comment, while Broadcom did not immediately respond.

The report also comes when Qualcomm faces a multi-national legal battle with Apple Inc (AAPL.O) over Qualcomm’s licensing terms to Apple.

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