Broadcom is reportedly exploring a massive acquisition of $80 billion Qualcomm

03.11.2017 / 21:00

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The semiconductor giant Broadcom is exploring an acquisition of $80 billion Qualcomm, according to a Bloomberg News report on Friday citing people familiar with the matter. It would be the biggest-ever purchase of a semiconductor manufacturer.

Shares of Qualcomm surged roughly 15% on the news, while Broadcom's stock climbed more than 3%.

According to the Bloomberg report, Broadcom is in talks with financial advisers but no final decisions have been made.

Broadcom, which has a market value of $110 billion, on Thursday announced it would move its headquarters to the US from Singapore.

Qualcomm is also trying to complete a $47 billion purchase of NXP Semiconductors.

It has been a quieter year for mergers-and-acquisitions activity so far in 2017 — with US inbound M&A volume for the first nine months at $199.3 billion, down 39% from last year, according to Dealogic — though the activity in semiconductors shows just how much consolidation is taking place.

Source: Bloomberg Pro Terminal

Jr Trader Alexander Kumanov

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Broadcom is reportedly exploring a massive acquisition of $80 billion Qualcomm

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