There's a pretty solid chance the phone in your pocket is powered by Qualcomm's silicon, and Broadcom wants a piece of that. Broadcom is so interested that it sent an unsolicited acquisition offer to Qualcomm last week. The chip maker acknowledged receipt of the offer, but today it officially announced that it's not interested.
Broadcom offered $60 for every outstanding share of Qualcomm, plus an additional $10 in Broadcom stock. That worked out to a record-breaking $130 billion, but Qualcomm isn't having it.
Read MoreQualcomm's board unanimously votes down Broadcom buyout offer was written by the awesome team at Android Police.
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