Broadcom has said it will look to make smaller acquisitions of chipmakers following the collapse of its takeover bid for competitor Qualcomm. The Singapore-based company will continue with its plans to relocate to the US, prompting speculation that it is likely to seek out some smaller targets for acquisition. In a statement on Tuesday, Qualcomm said: “While we are disappointed by today’s announcement, our focus remains squarely on delivering innovative products and services in key markets around the world.”
Broadcom has said it will look to make smaller acquisitions of chipmakers following the collapse of its takeover bid for competitor Qualcomm. The Singapore-based company will continue with its plans to relocate to the US, prompting speculation that it is likely to seek out some smaller targets for acquisition. The £84bn Qualcomm bid fell through after US president Donald Trump intervened to block the takeover, citing national security concerns.