https://finance.yahoo.com/news/broadcom-cuts-qualcomm-offer-117-billion-nxp-deal-050136900--finance.html > A tie-up between Broadcom and Qualcomm would be the biggest technology acquisition ever. The takeover battle is at the heart of a race to consolidate the wireless technology equipment sector, as smartphone makers such as Apple Inc and Samsung Electronics Co Ltd use their market dominance to negotiate lower chip prices. > Broadcom said that Qualcomm's raised bid would amount to overpaying for NXP and cut its own bid as a result.