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Broadcom closes its $61 billion megadeal with VMware
Broadcom's mega $61 billion VMware acquisition has closed following considerable scrutiny by regulators.
Caltech's seven-year Wi-Fi patent battle with Apple and Broadcom is over
The California Institute of Technology (Caltech) has reached a settlement with Apple and Broadcom over Wi-Fi chips, ending a billion-dollar patent dispute that started in 2016,
Broadcom gets EU approval for its $61 billion merger with VMware
Broadcom has EU approval for its giant deal t to buy VMware, but there are conditions attached.
Apple strikes 'multibillion-dollar' deal with Broadcom for 5G parts
Apple has made a deal with Broadcom to build 5G components in the US.
Apple will reportedly use in-house wireless chips in iPhones by 2025
Apple is now reportedly set to replace the Bluetooth, cellular and WiFi chips in iPhones with its own parts by 2025.
The EU is investigating Broadcom's $61 billion deal to buy VMware
The European Union plans to carry out a full-scale investigation of Broadcom's $61 billion bid to buy VMware.
Broadcom is buying VMware in a $61 billion mega-deal
Broadcom is buying VMware for $61 billion, making it one of the largest tech acquisitions to date.
Comcast tests the first multigigabit cable modem
Comcast has tested the first cable modem that can offer multigigabit speeds, although it's not clear if you'll get to make full use of that performance.
FTC charges Broadcom with 'illegally monopolizing' the chip industry
The FTC has charged Broadcom, accusing the company of an illegal monopoly in the chip market.
Apple supplier Broadcom suggests a delayed iPhone launch this year
Broadcom makes some of the parts included in iPhones, and on an earnings call the company's CEO said its usual Q3 revenue bump won't arrive until Q4 -- hinting at a delay for Apple's next major mobile device.
Broadcom lawsuit blames your Netflix habit for a drop in chip sales
Broadcom's success still depends in part on selling chips for cable set-top boxes, and it's apparently upset that TV viewers are headed elsewhere. The company has sued Netflix for allegedly violating eight patents covering data transfer and video playback, and that the streaming service is profiting from that claimed infringement by encouraging cord-cutting and hurting Broadcom's chip sales. In other words, it believes your Witcher marathon hurt its bottom line.
Apple must pay $838 million for infringing CalTech's WiFi patents
The California Institute of Technology (CalTech) has won a $1.1 billion jury verdict against Apple and Broadcom, according to Reuters and other sources. In a case that first hit federal courts in 2016, CalTech accused Apple of using Broadcom WiFi chips that violate four of its patents in all iPhones, starting around 2012. The jury reportedly ordered Apple alone to pay $838 million, or about $1.40 per device -- which works out to about 598 million gadgets that used the infringing chips.
Broadcom gives up on Qualcomm buyout after Trump veto
The will-they/won't-they flirtation between two of the world's largest mobile chip companies has come to an abrupt end. Broadcom has announced that it will no longer attempt to buy its US-based rival, Qualcomm. In a statement, Broadcom said that it was "disappointed with this outcome," and would drop its attempts to appoint nominees to Qualcomm's board.
Trump blocks Broadcom's attempted takeover of Qualcomm
Broadcom's hopes of acquiring Qualcomm might have been quashed for good. President Trump has issued an order blocking Broadcom's proposed takeover and anything "substantially equivalent" to it over concerns that it might "impair the national security" of the country. The order also disqualifies all 15 of Broadcom's proposed directors for Qualcomm. The move follows a letter from the Committee on Foreign Investment in the US warning the companies that it believed the takeover would pose too great a security risk.
Qualcomm and Broadcom make moves as the merger saga continues
Qualcomm and Broadcom, the world's two largest chipmakers, have been in a will-they/won't-they dance for quite a while now in regards to a merger. Today, the companies made dueling announcements: Qualcomm brought in Jeffrey Henderson as an independent board chairman, while Broadcom sent Congress a letter proclaiming a possible hostile takeover isn't a threat to US national security.
Qualcomm open to Broadcom merger for the right price
Qualcomm has long rebuffed a merger with rival chipmaker Broadcom, but now it looks like the two companies may be closer to a deal. Today, Qualcomm's Chairman of the Board Paul E. Jacobs sent a letter to Broadcom's CEO, Hock Tan. In it, Jacobs outlined that the bulk of Qualcomm's issues have been addressed, but the companies are still too far apart on pricing. Broadcom's current offer is $79 per share (it was previously $82 per share), but Qualcomm's board believes that severely undervalues the company.
Qualcomm rejects Broadcom's revised takeover bid
Broadcom will have to try again in its bid to take over Qualcomm. The Snapdragon chip-maker has rejected a revised proposal to buy all of its outstanding shares, stating that it "materially undervalues Qualcomm and falls well short of the firm regulatory commitment the Board would demand given the significant downside risk of a failed transaction." As a refresher, Broadcom had originally offered to pay $130 billion to acquire all of Qualcomm back in November. That sum was rejected, so Broadcom followed up this month with a revised proposal that valued Qualcomm's shares at $82 each.
Broadcom hopes to woo Qualcomm with a higher takeover bid (updated)
Broadcom clearly isn't taking Qualcomm's "no" for an answer. Reuters sources have claimed that the wireless chip giant is about to raise its takeover bid for Qualcomm from $70 per share to between $80 and $82 per share -- a huge increase for a deal that would have already set records. It would also include a "higher-than-usual" breakup fee in case regulators put the kibosh on the merger. While details are reportedly in flux, Broadcom would announce the sweeter offer on February 5th.
Qualcomm hopes Samsung deal will fix its antitrust woes
Troubled chipmaker Qualcomm has struck a deal with Samsung that may quash its hefty antitrust case in South Korea and ward off a rumoured hostile bid takeover from rival Broadcom. While the exact terms of the deal haven't been disclosed, the new patent cross-licensing agreement stipulates that Samsung "will be withdrawing" its interventions in Qualcomm's appeal against its $854 million fine from the Korean Fair Trade Commission.
Qualcomm rejects Broadcom’s buyout bid
Last week, wireless chip manufacturer Broadcom made a $130 billion bid to buy out rival Qualcomm. The unsolicited proposal was expected to be rejected by Qualcomm, and as of this morning, it has been. The company's board of directors unanimously voted against Broadcom's bid saying that it undervalued Qualcomm.
