In the continuing war of words between Broadcom (AVGO) and the target of its hostile takeover bid, Qualcomm (QCOM), the former this morning filed with the Securities & Exchange Commission an infographic pertaining to Qualcomm’s involvement with Chinese companies such as Huawei and with the Chinese government.
Broadcom shares are up $1.54, or 0.6%, at $248.59, in early trading, and Qualcomm is up 12 cents at $62.61.
The infographic features quotes from The New York Times from last year describing things such as Qualcomm’s helping "Chinese companies like Huawei break into overseas markets in support of China’s ‘go global’ campaign,” its having paid a fine to the U.S. government after violating the U.S. Foreign Corrupt Practices Act, and its joint ventures and partnerships in China.
The move follows Broadcom yesterday pledging to “focus” R&D spending on top priorities at Qualcomm if it were to buy the company. That followed a damning letter released Tuesday by Qualcomm from the U.S. Treasury department that raised concerns about Broadcom’s “private equity” approach to buying companies, involving cutting spending to save money.
Here’s the infographic:
