Broadcom has submitted preliminary proxy documents to the SEC
December 12, according to foreign media reports, following the announcement of 11 candidates nominated by the Qualcomm Board of Directors on December 4th, Bertone submitted preliminary proxy documents to the Securities and Exchange Commission (SEC) on Monday local time and confirmed that it will be ready for next year. At the Qualcomm shareholders' meeting in March, 11 previously nominated Qualcomm candidates were elected.
Qualcomm submitted relevant documents to the US Securities and Exchange Commission on Monday local time, confirmed that it elected 11 independent candidates as candidates for Qualcomm’s board nomination, and will compete for Qualcomm’s directors at the Qualcomm shareholders’ meeting in March next year to replace Qualcomm’s existing board of directors. .
Currently, Apple and Qualcomm are conducting a series of lawsuits. The relationship between the two is very bad. It is said that Apple is looking for another supplier to provide modem chips for the 2018 CDMA iPhone. Currently, Intel modem chips are used in the GSM version of the iPhone and may continue to be used next year.
What concerns Google and Microsoft is that if Broadcom successfully acquires Qualcomm, the newly merged company will choose to move closer to Apple rather than them. For example, Broadcom CEOHockTan is said to have stated that if Broadcom acquires Qualcomm, he is optimistic about resolving multiple lawsuits with Apple. In addition, they also worry that Broadcom has always been good at reducing costs rather than investing in new technologies, and Qualcomm’s innovation capability will be weakened after the acquisition. It may fundamentally change Apple’s current legal and technological outlook. At the same time, Apple’s potential impact on Broadcom’s acquisition of Qualcomm’s transactions is precisely why Google, Microsoft and other giants are concerned.
Broadcom has always been good at reducing costs rather than investing in new technologies. Qualcomm’s innovation capabilities will be weakened after the acquisition. Currently, Qualcomm has reached a technology licensing agreement with more than 150 companies in China. Its business is from 3G to 4G. From mobile phones, tablet computers to modules, almost all Chinese mobile phone manufacturers use Qualcomm's mobile phone chips. Qualcomm has a close and good relationship with domestic companies such as oppo, vivo, and millet. Over the years, Qualcomm has not ignored the Chinese market because Apple and Samsung are able to bring huge benefits. It is also the help of Qualcomm that has helped the rise of China's smartphone industry.
If the dual-pass merger innovation capability is declining, and more and more mobile phone manufacturers in China are becoming more and more sophisticated, such as Hassell Kirin, Xiaomi Yu, Spreadtrum, etc., it may provide a way for China's IC chip design.
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