Qualcomm’s Troubles to Persist After Broadcom Bid Blocked

Qualcomm Inc. seems to have escaped the clutches of would-be acquirer Broadcom Ltd. Now, the chipmaker will have to deliver on the promises it made to shareholders as it fought to remain independent.

U.S. President Donald Trump late March 12 issued an executive order blocking Singapore-based Broadcom from acquiring Qualcomm, most likely scuttling the $117 billion deal that the San Diego company has been staunchly fighting since November. Yet the unsolicited takeover bid was just the most immediate in a long list of challenges for Qualcomm, which also include legal disputes with customer Apple Inc., a decline in profit and ...