You are here: Home » Companies » News
Business Standard

Qualcomm warns of customer losses, legal hazards to Broadcom buyout

Broadcom, which makes connectivity chips used in products ranging from mobile phones to servers, first approached Qualcomm in November

Reuters 

Qualcomm Inc warned on Friday it could lose two large clients if it accepted chipmaker Broadcom Ltd's revised $121 billion buyout offer and said it saw no path to regulatory approval of any deal. In a filing that followed up on its letter to Broadcom Chief Executive Hock Tan on Thursday rebutting his latest offer, the San Diego-based company laid out more detail on its reservations about the deal. It said two customers who provide more than $1 billion in chip revenue had said they would likely move designs away from Qualcomm if the deal went through, citing a lack of ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Sat, February 10 2018. 22:16 IST
RECOMMENDED FOR YOU