Qualcomm $QCOM just signed a supply deal worth $2 billion. $QCOM, QUALCOMM Incorporated / H1 The MOU is with:Lenovo Group, Guandong OPPO Mobile Telecommunications,vivo Communication Technology Xiaomi Communications This is a blow to Broadcom existing revenue & a direct competition now in RF front-end. More regulatory scrutiny for the merger. QCOM stock is cheap at these levels. $80 fair value but not on $AVGO - Broadcomm's - terms. $AVGO, Broadcom Inc. / H1 Risks:EU fine appeal may not be in Qualcomm's favor.Secondary risk: Apple $AAPL royalty rate dispute may be in Apple's favor.