President Donald Trump hugs Broadcom CEO Hock Tan during an event to announce the company is moving its global headquarters to the United States Photo: Evan Vucci / AP

Broadcom is considering a bid for Qualcomm, Bloomberg reported Friday, in what would be the biggest ever takeover in the semiconductor industry.

The context: Broadcom announced yesterday it is moving its headquarters back to the U.S. Qualcomm, known for its cell phone chips, is engaged in a bitter legal dispute with Apple, one of its key customers. After a big gain this year, Broadcom's stock is now more valuable than Qualcomm's, which has dropped 15 percent.

Qualcomm, meanwhile, has been trying to close a big acquisition of its own, its pending deal to buy NXP Semiconductors. Qualcomm said this week it still hopes to close the deal this year, but it could take until early 2018. A Qualcomm representative declined to comment.

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Coronavirus dashboard

Illustration: Sarah Grillo/Axios

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28 mins ago - Economy & Business

Anxious days for airline workers as mass layoffs loom

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Where it stands: Airline CEOs met Thursday with White House Chief of Staff Mark Meadows, who said President Trump would support an additional $25 billion from Congress to extend the current aid package through next March.

House Democrats ask DOJ watchdog to probe Durham's Trump-Russia investigation

Attorney General Bill Barr. Photo: Kamil Krzaczynsky/AFP via Getty Images

Four Democratic House committee chairs on Friday asked the Justice Department's inspector general to launch an "emergency investigation" into whether Attorney General Bill Barr and U.S. Attorney John Durham, his appointee, are taking actions that could "improperly influence the upcoming presidential election."

Catch up quick: Last year, Barr tapped Durham to conduct a sweeping investigation into the origins of the FBI's 2016 Russia probe, after he and President Trump claimed that it was unjustified and a "hoax."