> You need access to the software that runs those SOCs which is owned by Qualcomm. Qualcomm isn't just going to give the sourcecode of those SOCs for Google engineers to tinker around with it. It creates all kinds of crazy legal problems
Alphabet cannot buy Qualcomm for the same reason Nvidia could not buy Arm.
If your implication is that someone market cap equals negotiating leverage you would only be right if Alphabet was the only elephant that Qualcomm was in bed with.
QCOM Mkt cap 188.12B
Alphabet Mkt cap 1.70T