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Broadcom lowers Qualcomm offer to $79/share after NXP news
– Broadcom (NASDAQ:AVGO) lowers its offer for Qualcomm (NASDAQ:QCOM) to $79/share from $82/share. – Amount includes $57 in cash and $22 in Broadcom shares. – Adjustment follows Qualcomm’s raised bid to acquire NXP Semiconductors (NASDAQ:NXPI). – If Qualcomm doesn’t complete
Intel planning $5B Israel expansion
– Intel (NASDAQ:INTC) plans a $5B production expansion at its Kiryat Gat plant in Israel over the next three years, according to Israeli Economy Minister Eli Cohen. – The U.S. semiconductor firm has said it planned to upgrade the facility
AMD May Have Hit On An Powerful Solution For Crypto Crazed World
– AMD seems to be actively promoting its high ASP high margin Threadripper CPU for crypto mining. – The economics of this solution appear attractive for gamers and high-end desktop users who can make some money on the side by
Qualcomm still doesn’t like Broadcom’s offer, open to more talks
– Qualcomm (NASDAQ:QCOM) releases a letter the company sent to Broadcom (NASDAQ:AVGO) following Wednesday’s meeting. – Qualcomm’s board says that Broadcom’s “best and final” offer of $82 per share “materially undervalues Qualcomm and has an unacceptably high level of risk,