A week ago we reported that chipmaker Broadcom had offered to buy rival chipmaker and Apple supplier, Qualcomm for $130 billion. According to a press release from Qualcomm, its board of directors unanimously vetoed the purchase.
Paul Jacobs, Executive Chairman and Chairman of the Board of Qualcomm Inc. said this about the potential acquisition.
Steve Mollenkopf, Chief Executive Officer of Qualcomm reinforced this statement with his own.
This comes shortly after Qualcomm filed another lawsuit against its main chip purchaser, Apple, claiming that it broke a confidentiality clause found in its contract.
