FILE PHOTO: A sign on the Qualcomm campus is seen, as chip maker Broadcom Ltd announced an unsolicited bid to buy peer Qualcomm Inc for $103 billion, in San Diego, California, U.S. November 6, 2017. 1 mobile handset maker. The news came just before Qualcomm released its fiscal first-quarter earnings, which were weighed down by its wide-ranging legal dispute with Apple and a weak sales outlook for smart phones sales in China.Samsung and Qualcomm said they would expand their efforts to collaborate around 5G, the next generation of mobile data networks. As part of the agreement, Qualcomm said Samsung would also withdraw its interventions in Qualcomm’s appeal of a Korean Fair Trade decision in the Seoul High Court.The deal to end hostilities stands out because Qualcomm’s at times contentious dealings with its customers have become a focal point in Broadcom’s takeover effort. Broadcom’s leaders argue they can boost Qualcomm’s value by taking over the San Diego-based company and resolving some of its disputes with customers.Terms of the Samsung deal are also important.

Source: Egypt Today February 01, 2018 01:30 UTC