Qualcomm is up 5.98% on Friday while Broadcom is bouncing around but up about 0.44%.
The deal, if it goes through, would be the largest ever takeover of a chip maker, according to Bloomberg.
Broadcom is worth about $US109 billion, while Qualcomm is worth about $US82 billion at the time of the reports.
This story is developing, check back here for more.
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