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Viewsroom

Broadcom $130 bln bid signals market top

Viewsroom

Reuters

News

4.458 Ratings

🗓️ 10 November 2017

⏱️ 17 minutes

🧾️ Download transcript

Summary

The chipmaker’s hostile tilt at Qualcomm is a rare aggressive move in the sector. Qualcomm has its own issues, awaiting approval for its NXP deal and fighting Apple in court. It all suggests the tech sector is too frothy. Plus: Is Hong Kong losing its moxie as a financial center? See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:07.0

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0:14.0

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Because Slackbot isn't just another AI.

0:23.3

It's AI that knows your work as well as you do.

0:26.4

Visit Slack.com forward slash meet Slackbot to learn more.

0:30.5

The views expressed on this podcast are those of the participants, not of Reuters News.

0:40.3

Broadcoms $130 billion offer for Qualcomm is the best sign yet of a frothy tech market.

0:46.3

And what does the withdrawal of Glencourt, Coach and others from the Hong Kong Stock Exchange say about the future of the boss?

0:53.3

These are the issues we'll be tackling in this week's views room,

0:56.7

a weekly conversation among breaking news columnists about the ups and downs of the world of finance.

1:02.2

I'm Anthony Curry and my co-host is Jennifer Saber. Hi, Jen.

1:05.7

Hi, Anthony.

1:07.0

Hawk Tan is shaking up the tech world.

1:09.1

In just four years, he has turned a semiconductor company from an also-ran into one of the sector's biggest players. Now he's taking Broadcom into what seems to be turning into a potentially hostile bid for Qualcomm. Rob Seren is joining us here in New York to talk about what's at stake. Welcome, Rob.

1:25.1

Hey, John.

1:25.9

Okay, so there's a lot going on in this deal I mean a whole

1:29.5

a whole lot yeah so it's so why don't you just take us through just the fundamental so let's just

1:35.0

step a whole really far back and so what's happened in the chip industry is that the chip industry

1:39.8

isn't growing as much as it used it used to be like this dynamic industry and every year there

1:44.2

were new and better faster chips. That's slowed down a lot and it's becoming more expensive to develop

1:49.7

new chips. What that means is that growth is slowed for all these chip companies out there.

...

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