Broadcom Ltd. reportedly is mulling over a bid to acquire rival chip maker Qualcomm Inc., a deal that could top $100 billion and be the largest in the semiconductor industry.
The stock of San Diego-based Qualcomm shot up more than 15% at one point during trading Friday after reports surfaced that Broadcom was considering making an unsolicited offer.
Qualcomm rose $6.97, or 12.7%, to $61.81 share, giving it a current market value of $91.3 billion. Broadcom rose $14.13, or 5.5%, to $273.63 a share.
Qualcomm and Broadcom declined comment on the reports from Bloomberg and the Wall Street Journal, but Broadcom Chief Executive Hock Tan has a history of aggressively acquiring...