$103bn bid for Qualcomm rocks tech world

Chipmaker Qualcomm —which has a significant presence in Cork — has attracted a mega bid that values the giant chip maker at $103bn (€89bn), setting the stage for a major takeover battle that would rock the electronics industry.

The bid for Qualcomm is an ambitious move by Broadcom chief executive Hock Tan, who has turned a small, scrappy chipmaker into a $100bn company based in Singapore and the US. It has pulled off a string of purchases over a decade.