Last week I posted that Qualcomm would reject the Broadcom ovation, but that does not mean they are not in the market for suitors. The question is who is ideal for Qualcomm. The quick answer is that it has to be a US based company, although in this administration, that might not be as much of a concern. Logically AMD or Intel are the most logical choices, with Google being a possibility when you consider its Motorola assets. While many “Iron” companies are running to the cloud, its possible that the cloud companies want to optimize hardware. This would put Amazon and Microsoft in the game.
My analysis was that IoT was not the primary driver for Broadcom, but probably 5G and broadcasting mattered more. However, for Cisco, Amazon, Google and Microsoft IoT hardware optimization would be compelling.
Now I have no proof of this next idea, I have always assumed the location of San Diego made Qualcomm a partner is defense contracts, which would bring in companies L-3, Raytheon, and SAIC (who is also located in San Diego).
Bottom line is that Qualcomm, feels undervalued and wants to make a move to optimize assets. We will see if they now make public ovations.