AGL 38.00 Increased By ▲ 0.43 (1.14%)
AIRLINK 131.05 Decreased By ▼ -1.45 (-1.09%)
BOP 5.59 Decreased By ▼ -0.05 (-0.89%)
CNERGY 3.79 Increased By ▲ 0.02 (0.53%)
DCL 8.55 Decreased By ▼ -0.32 (-3.61%)
DFML 40.80 Decreased By ▼ -0.20 (-0.49%)
DGKC 87.64 Decreased By ▼ -2.52 (-2.8%)
FCCL 34.66 Decreased By ▼ -0.42 (-1.2%)
FFBL 65.69 Decreased By ▼ -0.81 (-1.22%)
FFL 10.34 Increased By ▲ 0.19 (1.87%)
HUBC 108.98 Increased By ▲ 2.58 (2.42%)
HUMNL 14.12 Increased By ▲ 0.72 (5.37%)
KEL 4.78 Decreased By ▼ -0.08 (-1.65%)
KOSM 6.82 Decreased By ▼ -0.03 (-0.44%)
MLCF 41.35 Decreased By ▼ -0.45 (-1.08%)
NBP 59.50 Increased By ▲ 0.92 (1.57%)
OGDC 180.50 Decreased By ▼ -0.75 (-0.41%)
PAEL 25.45 Decreased By ▼ -0.25 (-0.97%)
PIBTL 5.89 Increased By ▲ 0.06 (1.03%)
PPL 145.50 Decreased By ▼ -2.90 (-1.95%)
PRL 23.16 Decreased By ▼ -0.06 (-0.26%)
PTC 15.30 Increased By ▲ 0.06 (0.39%)
SEARL 67.80 Decreased By ▼ -0.99 (-1.44%)
TELE 7.25 Increased By ▲ 0.01 (0.14%)
TOMCL 35.75 Decreased By ▼ -0.25 (-0.69%)
TPLP 7.50 Increased By ▲ 0.10 (1.35%)
TREET 14.13 Decreased By ▼ -0.11 (-0.77%)
TRG 50.49 Decreased By ▼ -0.36 (-0.71%)
UNITY 26.38 Decreased By ▼ -0.02 (-0.08%)
WTL 1.21 No Change ▼ 0.00 (0%)
BR100 9,736 Decreased By -31.8 (-0.33%)
BR30 29,382 Decreased By -18.3 (-0.06%)
KSE100 91,682 Decreased By -256.2 (-0.28%)
KSE30 28,601 Decreased By -142.6 (-0.5%)

Semiconductor giant Qualcomm on Monday said it rejected the $130 billion unsolicited merger bid from fellow chip maker Broadcom which could represent the biggest-ever takeover in the tech sector. Singapore-based Broadcom made the offer last week in a deal that would consolidate two major players in the booming sector fueled by growth in smartphones and other connected devices.
The proposal "significantly undervalues Qualcomm relative to the company's leadership position in mobile technology and our future growth prospects," said Paul Jacobs, Qualcomm's executive chairman, in a statement. Steve Mollenkopf, Qualcomm's chief executive, said the California company remains confident about its future. "No company is better positioned in mobile, IoT (internet of things), automotive, edge computing and networking within the semiconductor industry," he said.

Comments

Comments are closed.