Broadcom Ltd is a publicly traded semiconductor company, and products include digital and analog semiconductors. Qualcomm Inc is a publicly traded telecommunications equipment company. This past Tuesday, Broadcom Ltd (AVGO.O) reduced the amount of board seats that they were trying to win at Qualcomm Inc. They were originally trying to win 11 seats and cut it to 6. They also reiterated that their offer to the company was only valid until the end of a shareholder meeting at the chipmaker, and this will be taking place on March 6th.

Broadcom’s decision came out early, as a conversation between the semiconductor companies was to happen a day later. They were to discuss the upcoming possible deal of $121 billion. This major discussion between the two companies is said to be their first.

Broadcom is putting a lot of pressure on Qualcomm, saying that they are going to pull back on their offer if it isn’t accepted by Qualcomm’s executives. The other choice Broadcom gave Qualcomm is to have its six nominees elected at the upcoming shareholder meeting.

No immediate comments have been made by Qualcomm Inc.

Broadcom’s cash-and-stock offer has increased in the last week, from $70 per share to $82 per share. Broadcom has presented other deals like offering to pay Qualcomm a breakup fee of $8 billion in the case that antitrust regulators try and stop the arrangement.

Qualcomm denied the first bid, and they continued to reject the new offer. Qualcomm is saying that the proposal underestimated the company, and they didn’t meet the commitments on regulatory affairs.

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The first bid was set at $103 billion. After the first bid was rejected, Broadcom decided they would nominate a slate of 11 directors that would hopefully replace Qualcomm’s board.

The company’s nominees include Samih Elhage, David Golden, Veronica Hagen, Julie Hill, John Kispert and Harry You.

On Tuesday, shares of Qualcomm were up slightly premarket at $65.69. In the meantime, Broadcom’s stock took a small dip of 0.5 percent leaving them at $243.18.