Samsung Electronics Co Ltd plans to invest $116 billion in non-memory chips through 2030, to cut its reliance on the volatile memory chip market and develop chips to power self-driving cars and AI-enabled devices.
US electronics giant Intel said Tuesday it was withdrawing from the 5G smartphone modem business.
Apple reiterated its earlier statements that it believes it is in compliance with the court order.
But Qualcomm said there was no prospect for the acquisition to be revived.
Qualcomm is likely to meet Chinese regulators before U.S. Commerce Secretary Wilbur Ross arrives in China on Saturday,
The U.S. chipmaker has already received approval from eight of nine required global regulators to finalize the acquisition, with Chinese clearance the only one pending.
US President Donald Trump blocked Monday an unsolicited bid by Singapore-based Broadcom to take over smartphone chipmaker Qualcomm.
A U.S. national security panel has ordered Broadcom to provide it with five business days’ notice before taking any action toward redomiciling to the U.S.
A national security panel that can stop mergers that could harm U.S. security has begun looking at Singapore-based chipmaker Broadcom Ltd’s plan to take over rival Qualcomm Inc.
Qualcomm on Tuesday unveiled a sweetened $44 billion agreement to acquire NXP Semiconductors.
U.S. semiconductor company Qualcomm Inc should try to negotiate a sale to Broadcom Ltd following the latter’s sweetened $121 billion offer, ISS said.
Broadcom cut the number of board seats it was trying to win at Qualcomm to six from 11.
Qualcomm and Broadcom plan to meet on Wednesday to talk about the latter’s $121 billion acquisition offer.
Broadcom Ltd made a $121 billion “best and final offer” on Monday to acquire Qualcomm Inc.
Qualcomm Inc on Wednesday aimed to show shareholders that its licensing practices still have a future after having come under scrutiny from antitrust regulators.
Qualcomm Inc (QCOM.O) has signed $12 billion worth of deals with three Chinese mobile handset makers on the sidelines of a state visit to Beijing by U.S. President Donald Trump.