Broadcom Looks to Buy Qualcomm for $100B, Creating a Silicon Monster

Broadcom, makers of networking equipment, is exploring a deal to acquire mobile technology giant Qualcomm in a USD $100 billion deal, which could be the largest ever acquisition value of a chip-maker. The resulting company could be the world's largest chipmaker, combining Broadcom's IP with networking PHYs and IoT infrastructure, and Qualcomm's SoCs powering IoT devices besides smartphones, tablets, and ultra-portable notebooks. Broadcom is looking to raise a cash+stock bid consisting of shares valued at $70/share. Besides networking infrastructure equipment, Broadcom made its fortunes on the back of Apple iPhone's success, as it supplies its networking chips.