If Broadcom and Qualcomm merge, they will become the largest technology merger and acquisition in history. After the merger, Broadcom will become the world’s third largest chip maker after Intel and Samsung. This seems to Intel to pose a serious threat to its future. , Intel said it has been paying close attention to this acquisition, and does not want the transaction to be successful, and if the final acquisition is achieved, Intel will intervene by issuing a bid to Broadcom.
An Intel spokesperson stated: 'We have made important acquisitions in the past 30 months - including Mobileye and Altera - our focus is to integrate these acquisitions and make them successful for our customers and shareholders.' There is no response to the acquisition of Broadcom.
Wang Yanhui, the secretary general of China Mobile, said that Intel may be considering whether this solution is feasible, but even if Qualcomm is forced to agree to be acquired by Broadcom this year, it will wait until next year through national government censorship. Intel will also need to acquire the fastest time in the second half of next year.
In addition, Qualcomm announced on March 9 that the executive chairman of the company, Jacob, had been removed from office and no longer served as Chairman of Qualcomm, but the board seats will remain.
Qualcomm’s move may signal that while the company is considering Broadcom's proposed $117 billion takeover offer, its board of directors will become more independent. However, analysts also said in an interview that Jacob’s enforcement should be avoided. The post of chairman should not be seen as a major change in Qualcomm’s position regarding Broadcom’s takeover, because since 2014, Jacob’s CEO’s position was handed over to Steve Mollenkopf. He has gradually faded out of the company's management.
In the previous part of the shareholders’ vote, Qualcomm CEO Steve Morenkov received only the countdown to 17 candidates (the original 11 board members of Qualcomm and the 6 members nominated by Broadcom). Second, it shows that he may lose his seat in the board of directors. Paul Jacobs, chairman of the board of directors, is also in danger. If the two cannot become Qualcomm directors, it will lose the position of Qualcomm management in the future board of directors.
In addition, Broadcom sent a letter to the U.S. Congress on the 9th, stating that if the U.S. government approves its $117 billion acquisition of Qualcomm’s transactions, it will ensure that future new companies will not sell any important assets that may involve national security to any foreign company. By doing away with the U.S. government’s concerns, it approved the acquisition of Qualcomm.