When Broadcom proposed ousting Qualcomm’s board of directors on Dec. 4, it set in motion a high-stakes chess match for control of San Diego’s most iconic technology company.
The outcome could reverberate not only locally, but throughout the tech industry — possibly changing the landscape for firms such as Apple, Google, Microsoft and Intel.
Qualcomm invented technologies that manage cellular communications in every smartphone. The hostile takeover bid by rival Broadcom — launched after Qualcomm’s board rejected its $70 per share, $103-billion offer in November — looks like it will play out relatively quickly.
Qualcomm’s shareholders will vote on either Broadcom’s...