Today’s Research Reports on Stocks to Watch: Broadcom Limited and Qualcomm

NEW YORK, NY / ACCESSWIRE / January 26, 2018 / While huge Chinese smartphone makers were signing agreements with Qualcomm this week, they were also protesting against Broadcom for its hostile takeover efforts to buy Qualcomm.

RDI Initiates Coverage on:

Broadcom Limited
https://rdinvesting.com/news/?ticker=AVGO

QUALCOMM Incorporated
https://rdinvesting.com/news/?ticker=QCOM

Broadcom Limited shares closed down 3.73% yesterday on almost 6 million shares. Traders may have been concerned that three of China’s largest smartphone makers are against Broadcom’s intention of taking over Qualcomm. Broadcom has had an unsolicited $105 billion bid for Qualcomm. Xiaomi Corp., Oppo, and Vivo, who use Qualcomm designed chips, voiced their concerns on Thursday and said they were worried that research and development may sputter should Broadcom take control over the company and dominate the market for the wireless semiconductors found in all smartphones. It was also this week that Skyworks Solutions announced that its new portfolio of 802.11ax wireless connectivity products are being leveraged by Broadcom in its Max WiFi reference platforms that were launched not too long ago.

Access RDI’s Broadcom Limited Research Report at:
https://rdinvesting.com/news/?ticker=AVGO

QUALCOMM Incorporated shares closed down 0.82% on Thursday with almost 9 million shares traded. It was on Wednesday that the company announced that it has signed four MoU with Chinese mobile communications companies: Lenovo, Xiaomi, vivo, and OPPO. The memorandums of understanding for sales are worth at least $2 billion in aggregate of over three years. The continent of China is the company’s second largest market, with an aim of becoming a leading global chipmaker by 2030. According to President Cristiano Amon, it will now be soon the top market. He remarked, “I was surprised about the reaction of some of those customers … but it’s probably what you would expect.” The company stated that the non-binding agreement will be subject to further agreements and covers technology related to RF Front-End components. Amon said, “Qualcomm Technologies has long supported the Chinese mobile ecosystem and today’s MoU signings with Lenovo, OPPO, vivo and Xiaomi further demonstrates our commitment to that ecosystem, as well as our strategy to continue to grow our RF front-end business. Our robust RF front-end solutions help these OEMs to not only build power-efficient devices at scale in a cost-effective way, but also to deliver advanced mobile devices to consumers not just in China, but around the world.” On a negative note, the company was also recently hit with a $1.23 billion fine by European Union antitrust regulators for paying Apple Inc. to use only its chips.

Access RDI’s QUALCOMM Incorporated Research Report at:
https://rdinvesting.com/news/?ticker=QCOM

Our Actionable Research on Broadcom Limited (NASDAQ: AVGO) and QUALCOMM Incorporated (NASDAQ: QCOM) can be downloaded free of charge at Research Driven Investing.

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