Qualcomm plans to sit down on Wednesday to discuss Broadcom's latest bid of $ 82 per share, although Qualcomm rejected the offer last Thursday.
Broadcom, in addition to raising the purchase price, made a number of concessions, including a $ 8 billion break-up fee for Qualcomm if the deal failed to get the regulatory approval.
'Did you know that I am a frugal man and if you can not make a success, do you think I will pay $ 8 billion?' Chen Fuyang said in an interview with CNBC on Monday.
Broadcom said its latest offer is the best and final quote.
Broadcom said on Monday it had provided $ 100 billion in debt commitments to 12 groups of financial institutions, including Bank of America Merrill Lynch, J.P. Morgan, Wells Fargo and Morgan Stanley.
Chen Fuyang said: "Any responsible board of directors will regard it as the top priority for negotiating the merger agreement with us."
Broadcom asked to hold a meeting in advance, Chen said he was 'surprised' Qualcomm did not want to accept.
Qualcomm has always been resistant to the initial and increased bid rejection, any of which may make the merger into the largest transaction in the history of science and technology.
Broadcom has nominated its own members to Qualcomm's board of directors, saying that if Broadcom failed to win most of the board seats at Qualcomm's annual meeting in March, it would mean the negotiations ended.