Broadcom is reportedly exploring a massive acquisition of $80 billion Qualcomm

Qualcomm headquarters

According to Bloomberg news, if the deal goes through then Broadcom might acquire Qualcomm for the price of $100 billion, which would value the latter's shares at $70.

The saga kicked off almost a year ago, in January 2017, when Apple first filed a lawsuit against Qualcomm for allegedly abusing its market position to extract more money from hardware manufacturers. No concrete decisions on the matter have yet been reached and it's now unclear what conditions would the semiconductor company be prepared to offer to Qualcomm and what level of a bid would the San Diego, California-based tech giant be prepared to consider.

Broadcom, which has a market value of $110 billion, just announced on Thursday that it's moving its headquarters to the USA from Singapore.

Formerly known as Avago Technologies, Broadcom Limited was created a year ago after Singapore-based Avago acquired Broadcom Corporation for $37 billion. Broadcom announced yesterday its intention to move corporate headquarters back to the U.S.to take advantage of the lower tax rates expected.

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- Shares in Broadcom, which makes semiconductors for networking and wireless equipment, were up almost 5 percent in afternoon trading on the Nasdaq. A legal battle with Apple is costing revenue and jeopardizing a business model that for years made Qualcomm one of the most successful chipmakers.

At issue between Qualcomm and Apple are licensing fees the chipmaker charges for patents that cover the basics of how mobile phone systems work.

Reports in The Wall Street Journal and elsewhere say Apple is contemplating kicking Qualcomm out of its devices entirely, possibly replacing it with Intel chips. Apple contends Qualcomm is unfairly charging too much and illegally taking advantage of its market position in chips.

Qualcomm is now trying to buy Netherlands-based NXP Semiconductors NV for about $40 billion. Broadcom already provides Apple with components present in the iPhone and the acquisition could mean it will become enlarged enough to become the third-largest chipmaker, trailing behind Samsung and Intel.

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