NEW TARGET? Media reports said that after the US rejected its bid for Qualcomm, Broadcom is looking for other acquisition targets, with MediaTek being one of them

Taipei Times
Date: Mar 22, 2018
By: Lisa Wang  /  Staff reporter

MediaTek Inc (聯發科) shares yesterday shed as much as 2.19 percent amid speculation that the nation’s largest handset chip designer is Broadcom Ltd’s new buyout target.

The speculation came after Broadcom’s US$117 billion hostile takeover bid for US chipmaker Qualcomm Inc was thwarted last week by US President Donald Trump because of concern over national security.

After the Broadcom-Qualcomm debacle, the Singapore-based chip company has set its sights on Qualcomm’s nearest rivals — MediaTek, Xilinx Inc and Cirrus Logic Inc — as potential targets, the Chinese-language Economic Daily News reported yesterday.

By acquiring MediaTek, Broadcom would broaden its exposure to Apple Inc’s supply chain and enhance its 5G technological capability, the newspaper said, citing a report by the US-based The Motley Fool.    [FULL  STORY]