Qualcomm, Apple Threatened by GlobalFoundries Complaint Against TMSC
GlobalFoundries is going on the attack against TMSC over 16 patents that cover crucial aspects of cutting-edge chips used in a wide range of products, including most phones. Both companies manufacture such chips. TMSC's customers include Apple, Qualcomm, MediaTek, Marvell, and Broadcom. GlobalFoundries is filing lawsuits this week in both the US and Germany — including with the US International Trade Commission (ITC) — seeking orders that will prevent the import of chips produced with the infringing technology, and products containing those chips. If successful, it would essentially block the import of all modern phones to the US.
Feb 8, 2018
Qualcomm's board of directors today unanimously rejected Broadcom's revised bid to acquire the company for $121 billion. Qualcomm's board continues to insist that Broadcom is undervaluing Qualcomm's overall worth.
Feb 16, 2018
Qualcomm today said Broadcom's acquisition offer simply isn't good enough as currently proposed. The companies met earlier this week to go over some of the finer points of Broadcom's $121 billion bid to purchase Qualcomm, and Qualcomm still came away leery that the deal won't work out.
Feb 22, 2018
Broadcom revised its offer to acquire Qualcomm downward by $3 per share after Qualcomm increased its own bid to buy NXP Semiconductors. Broadcom said, "Qualcomm's board acted against the best interests of its stockholders by unilaterally transferring excessive value to NXP's activist stockholders."
Mar 5, 2018
The U.S. government ordered Qualcomm to cancel a vote scheduled for Tuesday to allow the government more time to review a potential merger between Qualcomm and Broadcom.