UPDATE 2-Qualcomm raises profit forecast, may buy back stock if bid for NXP fails
January 16, 2018 at 14:17 PM EST
Jan 16 (Reuters) - Qualcomm Inc, the U.S. chipmaker fending off a hostile bid by Broadcom Ltd, raised its profit forecast on Tuesday and said it might use funds to buy back stock if its $38 billion bid to acquire NXP Semiconductors NV fails.