I wonder if the US government will be okay with such a large chipmaker to be owned by a Singapore company. Historically, they haven't been too keen on exporting chip tech.
If Qualcomm is on the table, it seems more likely to be approved.
I agree that some Congress members might want to be annoyed by this, but nothing will come of it. It's not a tax inversion in legal terms at all, it's a straight acquisition (there are important distinctions there). Avago was smart to pay a lot of cash as well, to push Broadcom shareholder's ownership position down to about 1/3 (keeping it far away from the tax inversion lines).
Here's why:
"Thursday’s deal isn’t impacted by the Treasury [inversion] guidelines, says Willens, because Broadcom shareholders will own less than 60% of the stock of the acquiring corporation. It’s also not by definition an inversion since Avago is the acquirer, but the result the same. “Here all of the “normal” benefits of an inversion should be freely available,” Willens concludes."
If Qualcomm is on the table, it seems more likely to be approved.