Qualcomm continues to rebuff Broadcom’s advances, but is set for a Valentine’s Day meeting, the first time it will have agreed even to discuss the fellow chipmaker’s takeover bid, which was raised last week to £121bn. The prospects for a deal which would significantly reshape the mobile chip industry have looked poor so far, with the two companies engaging in wars of words and aggressive moves to persuade Qualcomm shareholders of their case. However, the increased price, and Qualcomm’s continuing difficulties with Apple and other legal challenges, may tip the balance in favor of Broadcom. That outcome would almost certainly lead to settlement of the litigation with Apple and other clients and antitrust bodies, but at the expense of Qualcomm’s…