Diamonds and Dogs
The chips keep rolling. Chipmaker and networking firm, Cavium (CAVM) is up 10% to new highs following a takeover bid for $6 billion from rival, Marvell. The deal with create a combined chipmaker to compete with Intel and the other giants in the industry. Last week Qualcomm rejected a $103 billion takeover offer from Broadcom. It's a good time to be a chipmaker.
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