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Broadcom this week announced an offer of more than $100 billion to acquire rival chip maker Qualcomm.

The Silicon Valley company, which is officially based in Singapore but last week announced plans to legally relocate to Delaware, said that its proposal valued Qualcomm at $70 per share, split between $60 per share in cash and $10 per share in Broadcom stock.

The $130 billion deal — including net debt of $25 billion — would reportedly be the largest tech merger in history.

The effort would bolster the already fast-growing Broadcom by adding the Qualcomm chips that power many of the world's mobile devices. In addition to manufacturing chips, Qualcomm also licenses its technology to rival companies — a practice that drew the ire of both device makers and antitrust regulators.

Broadcom officials said a combined company would be a "global communications leader."

"We would not make this offer if we were not confident that our common global customers would embrace the proposed combination," said President and CEO Hock Tan. "With greater scale and broader product diversification, the combined company will be positioned to deliver more advanced semiconductor solutions for our global customers and drive enhanced stockholder value."

Qualcomm confirmed its receipt of the unsolicited offer, but said it would have no further comment until its board assesses the proposal. The company is expected to "strongly resist" Broadcom's offer, CNBC reported.

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