Qualcomm Inc said on Friday that it might lose two major customers if the revised $121 billion deal with chipmaker Broadcom Ltd goes forward.
"Two customers providing Qualcomm chipset revenues in excess of $1 billion each per year have stated that they are likely to move designs away from Qualcomm in the event that this transaction moves forward," according to a filing.
"This is due to their lack of confidence in Broadcom's ability to continue to lead in technology."
Qualcomm on Thursday rejected Broadcom's revised buyout offer, but proposed a meeting with the company to see whether they can address what it called the bid's "serious deficiencies in value and certainty".
"Two customers providing Qualcomm chipset revenues in excess of $1 billion each per year have stated that they are likely to move designs away from Qualcomm in the event that this transaction moves forward," according to a filing.
"This is due to their lack of confidence in Broadcom's ability to continue to lead in technology."
Qualcomm on Thursday rejected Broadcom's revised buyout offer, but proposed a meeting with the company to see whether they can address what it called the bid's "serious deficiencies in value and certainty".
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