13 Mar '18, 11pm

Trump blocks acquisition of chip maker Qualcomm by Singapore-based Broadcom

Trump blocks acquisition of chip maker Qualcomm by Singapore-based Broadcom

President Donald Trump has blocked the $117bn takeover of chip maker Qualcomm by Singapore-based Broadcom. Qualcomm makes key components found in many mobile phones and devices, and the US-based chip company has faced successive legal challenges alleging it has engaged in unfair business practices. Qualcomm had rejected Broadcom's bid, and in announcing his decision, Trump said "there is credible evidence" to indicate that Broadcom and its partners "might take action that threatens to impair the national security of the United States" if the takeover goes through. The computer chip makers must "immediately and permanently abandon the proposed takeover", Trump said in a presidential order on Monday. "The proposed takeover of Qualcomm by the Purchaser is prohibited, and any substantially equivalent merger, acquisition, or takeover, whether effected directly or indirectly, is...

Full article: https://www.aljazeera.com/news/2018/03/trump-blocks-qualc...

Tweets

Trump blocks Singapore company from taking over...

dailymail.co.uk 13 Mar '18, 7am

In a decision announced Monday, President Trump is blocking Singapore chipmaker Broadcom from pursuing a hostile takeover ...

If a #Singapore co. can't buy a US co., who can? - #Trump Blocks Broadcom’s Bid for Qualcomm https://t.co/PdDd19Yplz

If a #Singapore co. can't buy a US co., who can...

nytimes.com 12 Mar '18, 11pm

Photo Broadcom had been trying for months to buy Qualcomm, and announced that it would relocate to the United States from ...

Singapore-based Broadcom to end bid for Qualcom...

reuters.com 14 Mar '18, 6am

(Reuters) - Singapore-based Broadcom Ltd (AVGO.O ) is planning to scrap its bid for Qualcomm Inc (QCOM.O ), after U.S. Pre...

Trump bans #Broadcom bid for #Qualcomm

Trump bans #Broadcom bid for #Qualcomm

electronicsweekly.com 13 Mar '18, 10am

In a highly unusual move the President ordered Broadcom to abandon its $130 billion bid for for the San Diego wireless gia...

Qualcomm買収を阻止した大統領令、戸惑いの声も

eetimes.jp 16 Mar '18, 2am

All material on this site Copyright © ITmedia, Inc. All Rights Reserved. This site contains articles under license from UB...

Qualcomm and China – according to Broadcom https://t.co/YrlajDLKwA

Qualcomm and China – according to Broadcom http...

electronicsweekly.com 12 Mar '18, 7am

The infographic is in response to the CFIUS investigation as to whether a successful takeover of Qualcomm by Broadcom woul...

Singapore-based Broadcom to redomicile to U.S. ...

reuters.com 12 Mar '18, 11am

(Reuters) - Singapore-based Broadcom Ltd (AVGO.O ) said on Monday it expects to redomicile to the United States by April 3...

Singapore-based Broadcom to redomicile to U.S. ...

reuters.com 12 Mar '18, 11am

(Reuters) - Singapore-based Broadcom Ltd (AVGO.O ) said on Monday it expects to redomicile to the United States by April 3...

Singapore-based Broadcom to redomicile to U.S. ...

reuters.com 12 Mar '18, 11am

(Reuters) - Singapore-based Broadcom Ltd (AVGO.O ) said on Monday it expects to redomicile to the United States by April 3...

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