Xilinx's Victor Peng is betting on an innovative new chip platform to grow the chipmaker's data center and cloud exposure. And he'd consider making a big acquisition there as well.
While Tan may take a moment to consider how best to use his capital, acquisitions likely run too deeply in his DNA to give up on looking for targets.
New highs for the stock haven't included "breakout" volume.
Now that the White House has shot down Broadcom's hostile bid for Qualcomm, Broadcom and Intel might both eye new targets. Albeit for pretty different reasons.
The president's rejection of a hostile bid for Qualcomm makes Broadcom CEO Hock Tan's acquisition plans more difficult. But don't expect Tan to change his strategy.