Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Barron’s
Barron’s
Business
Tiernan Ray

Broadcom Smears Qualcomm with China Ties Infographic

A car drives past signage displayed outside of Broadcom Ltd. headquarters in Irvine, California, U.S., on Monday, Nov. 6, 2017. Broadcom Ltd.?and its advisers are gearing up for a proxy battle, making an appeal directly to shareholders, should?Qualcomm Inc. reject its $105 billion takeover offer, according to a person with knowledge of the matter. Photographer: Patrick T. Fallon/Bloomberg (Credit: Bloomberg News)

In the continuing war of words between Broadcom (AVGO) and the target of its hostile takeover bid, Qualcomm (QCOM), the former this morning filed with the Securities & Exchange Commission an infographic pertaining to Qualcomm’s involvement with Chinese companies such as Huawei and with the Chinese government.

Broadcom shares are up $1.54, or 0.6%, at $248.59, in early trading, and Qualcomm is up 12 cents at $62.61.

The infographic features quotes from The New York Times from last year describing things such as Qualcomm’s helping "Chinese companies like Huawei break into overseas markets in support of China’s ‘go global’ campaign,” its having paid a fine to the U.S. government after violating the U.S. Foreign Corrupt Practices Act, and its joint ventures and partnerships in China.

The move follows Broadcom yesterday pledging to “focus” R&D spending on top priorities at Qualcomm if it were to buy the company. That followed a damning letter released Tuesday by Qualcomm from the U.S. Treasury department that raised concerns about Broadcom’s “private equity” approach to buying companies, involving cutting spending to save money.

Here’s the infographic:

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.