Broadcom pledges $1.5B fund to seal Qualcomm deal

Broadcom this morning said it would “create a new $1.5 billion fund with a focus on innovation to train and educate the next generation of engineers in the U.S.” as part of its efforts to convince regulators and investors that it should acquire Qualcomm. Broadcom’s pledge came just hours after the U.S. government issued a stern warning that a Broadcom purchase of Qualcomm could “result in the weakening of Qualcomm’s position in maintaining its longterm technological competitiveness.”

Written by Developer on March 7, 2018
Posted Under: Uncategorized