"This complementary transaction will position the combined company as a global communications leader with an impressive portfolio of technologies and products", Hock Tan, resident and chief executive officer of Broadcom, said in a statement Monday.
Shares of Qualcomm rose about 1 percent in early trading.
The move would combine two of the largest makers of wireless communications chips for mobile phones and could pose a significant competitive threat to Intel, which has been looking to diversify into smartphone technology. There has been regulatory scrutiny for that deal in Europe, as well as reported objections from NXP stakeholders.
Kate Winslet and Allison Janney kiss on stage at Hollywood Film Awards
The Academy Award victor continued, "I want to stroke you, or something". "We could always kiss or something... maybe". She grabbed the actress and leaned in for a smooch, placing her hands on either side of Allison's face.
Qualcomm is more vulnerable to a takeover now because its shares have been held down by a patent dispute with Apple, as well as concerns it may have to raise its own $38 billion bid for NXP Semiconductors NV that it made past year. Broadcom primarily focusses on Wi-Fi and Bluetooth chips.
"Based on what I've seen, it seems unlikely to me that there's a basis for a challenge (to stop the deal)", he said.
Broadcom's own $5.5 billion (£4.2 billion) agreement to merge with US network provider Brocade Communications Systems past year has been delayed while it is scrutinised by the US Committee on Foreign Investment (CFI), which investigates proposed acquisitions of US companies by foreign buyers on national security and intellectual property grounds.
Any deal between Broadcom and Qualcomm would have to be approved by Antitrust officials, who are still considering Qualcomm's purchase of NXP.
Apple's iPhone X is the most crackable iPhone yet
Of course, SquareTrade offers up insurance plans which are often cheaper than plans you may be able to get through your carrier. The back drop resulted in significant shattering of the back panel, including shards of glass, according to 9to5Mac.
Broadcom had $5.25 billion in cash and cash equivalent as of July 30. Qualcomm recently agreed to buy NXP for a total of $47 billion in an all-cash deal.
Its entire 10-member board is up for re-election this spring, and Broadcom could seize on the December nomination deadline to put forward its own slate that would then help make negotiations.
"Qualcomm will have no further comment until its board of directors has completed its review", the company said. Analysts say that if Broadcom can salvage the Apple relationship, it would sharply increase potential returns from the takeover. "It would value Qualcomm's equity at roughly $103bn".
Broadcom plans to move its headquarters exclusively to the United States, which would allow it to avoid review by the Committee on Foreign Investment in the United States, which reviews foreign ownership of U.S. assets.
Flanagan becomes first American woman to win NYC Marathon in 40 years
Flanagan covered the 23rd mile in 5:11, and the 24th mile in 5:04 to build a 28-second lead over Keitany with one mile to go. The last time that happened was in 1977, when Miki Gorman won - for the second year in a row - with a time of 2:43:10.