Qualcomm CEO Calls Blocked Broadcom Bid 'Unprecedented'

The transcript discusses Broadcom's failed hostile takeover of Qualcomm, blocked by the US government due to national security concerns. Qualcomm's board navigated the situation by focusing on shareholder interests and preparing for 5G. The company also faced challenges with its attempt to acquire NXP, which was hindered by trade tensions with China. Despite these setbacks, Qualcomm remains focused on its 5G ramp and resolving disputes with Apple, while maintaining strategic decisions to reduce uncertainty for shareholders.

What impact did the blocked deal have on Qualcomm's strategy moving forward?

What was the significance of the national security threat perceived by the administration regarding the takeover?