Monday, March 12th 2018
Intel Considers Buying Out Broadcom
In a sequence of events perfectly illustrated by the stock image below, Intel is reportedly mulling the acquisition of Broadcom, which is still making efforts to acquire Qualcomm; the Wall Street Journal reported late last week. Shares of Intel fell 1 percent on this report. A successful acquisition of Qualcomm by Broadcom would result in a seemingly-American silicon supergiant that could pose a threat to Intel's position in the industry, observes CNBC. Both Intel and Broadcom spokespersons refuse to comment the WSJ report, terming it as "deal chatter."
Broadcom recently swayed Qualcomm board its way ahead of a crucial vote for the acquisition, prompting a CFIUS investigation, by American regulators, which has the legal power to halt the acquisition if national security implications emerge. Taking advantage of this, and its relatively stable outlook despite the recent CPU vulnerability mess, Intel is looking to mop up a seemingly foreign Broadcom. Other industry giants such as Microsoft and Google have expressed extreme concern with the developments in this deal, particularly with Apple's "sway" over it.
Broadcom recently swayed Qualcomm board its way ahead of a crucial vote for the acquisition, prompting a CFIUS investigation, by American regulators, which has the legal power to halt the acquisition if national security implications emerge. Taking advantage of this, and its relatively stable outlook despite the recent CPU vulnerability mess, Intel is looking to mop up a seemingly foreign Broadcom. Other industry giants such as Microsoft and Google have expressed extreme concern with the developments in this deal, particularly with Apple's "sway" over it.