In part this might be inspired by Qualcomm's pending release of the Centriq family of processors seeing as how Broadcom cancelled their ARM based server chip development earlier this year. For every share, the company would pay $60 in cash and $10 in Broadcom stock.
The acquisition would be the largest-ever in the technology industry.
The Financial Times is reporting that Broadcom is planning to acquire NXP, as well as Qualcomm.
Broadcom also said that it's offer stands regardless of whether the NXP deal goes through or is terminated. However, according to the FT, Qualcomm is set to reject the deal, raising the prospect of a fight for the future of the company. Since we now view Qualcomm as fairly valued at best after the bid, we don't necessarily believe that investors need to cash out on this news.
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The woman replies with a patronizing "Ana", but Anastasia's not backing down, quipping, " You may call me Mrs". The jealously between the on-screen pair doesn't stop there.
The agreement would push the combined firm to become the third-largest chipmaker in the world, behind Intel and Samsung, whilst giving Broadcom a strong foothold in the developing 4G and 5G markets.
In a statement about its proposal, Broadcom president and CEO Hock Tan flagged "greater scale and broader product diversification" as key strategic drivers for the offer.
"We would not make this offer if we were not confident that our common global customers would embrace the proposed combination, and we do not anticipate any material antitrust or other regulatory issues that would extend the normal timetable for closing a transaction of this nature".
Many analysts are saying Broadcom is making the play while Qualcomm's business is weaker than usual, as it continues its legal battle with Apple and saw its shares tumble as the company threatens to remove its chips from its smartphones.