1, funds. Broadcom's offer of $654.38+030 billion (about 870 billion RMB) can't buy Qualcomm. It is conceivable that the premium in Qualcomm is very high. Last year, Huawei's annual revenue was over 600 billion RMB and its net profit was 47.5 billion RMB. Based on this, it is estimated that Huawei should not have so much cash to buy Qualcomm. Even if Huawei has capital, I am afraid it will pay the price of blood.
2. Market value. Huawei is not listed and its market value is unknown. Qualcomm is a listed company with a market value of nearly $90 billion. Although Huawei can make a reverse acquisition, the other party is an American giant enterprise after all, which will obviously be much more difficult, and Qualcomm will also raise its social status.
3. Political reasons. Qualcomm is an American chip giant, with an exclusive share of 20% in the 5G field, and the US government is not happy to see Qualcomm being acquired.
On the other hand, Qualcomm can't buy Huawei. After all, not everyone can be as rich as Apple, holding more than $200 billion in cash reserves.