Two of the biggest chip makers could be become one if the proposed hostile acquisition by Broadcom for Qualcomm goes through. The former has placed a non-binding, unsolicited proposal to acquire all of the outstanding shares for $60.00 in cash and $10.00 in stock.

The US$103 billion bid comes at a time when patent disputes and unpaid royalty weighs in on the board decision to take up the offer from Broadcom. A semiconductor and chip manufacturer, the company is seeking to capture the annual 1.5 billion smartphone segment. However, the Qualcomm board is in consultation with its financial and legal advisors and has said will assess the proposal in order to pursue the course of action that is in the best interests of its shareholders.

Market reaction on the stock exchange shows the deal will very unlikely not take place with both listed company not showing much changes.