Net revenue rose to $5.33 billion from $4.14 billion. 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 expand 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 .
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 expand 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 .