Qualcomm CEO Calls Blocked Broadcom Bid 'Unprecedented'

The transcript discusses Broadcom's failed hostile takeover of Qualcomm, blocked by the US government due to national security concerns. Qualcomm's board navigated the situation by focusing on shareholder interests and preparing for 5G. The company also faced challenges with its attempt to acquire NXP, which was hindered by trade tensions with China. Despite these setbacks, Qualcomm remains focused on its 5G ramp and resolving disputes with Apple, while maintaining strategic decisions to reduce uncertainty for shareholders.

What was one of the main challenges Qualcomm faced during Broadcom's hostile takeover attempt?

• Securing financial backing

• Ensuring deal certainty

• Gaining shareholder approval

• Overcoming technological barriers

How did Qualcomm's CEO describe the emotional response to the blocked takeover?

• Excitement for future opportunities

• Uncertainty and lack of a playbook

• A feeling of relief

• A sense of victory

What was Qualcomm's primary focus after the blocked takeover?

• Acquiring smaller companies

• Increasing stock buybacks

• Developing 5G technology

• Expanding into new markets

What was the outcome of Qualcomm's attempt to acquire NXP?

• The deal was approved by all parties

• The deal was completed successfully

• The deal was left to expire by the Chinese government

• The deal was blocked by the US government

How did Qualcomm respond to the failed NXP acquisition?

• They increased their investment in Europe

• They sought another merger opportunity

• They decided to focus on internal growth

• They pursued legal action against China