Trump Blocks Broadcom Takeover of Qualcomm Over National Security Concerns
Tuesday, 13 March 2018 United States President Donald Trump stepped in to block the semiconductor maker Broadcom Ltd's takeover of Qualcomm Inc. on Monday due to national security concerns, thwarting what would have been the technology industry's largest deal ever, according to CNN. The presidential order blocks the Singapore-based Broadcom's $117 billion attempt to buy San Diego-based Qualcomm over concerns about the U.S.'s ability to set the next generation of technological standards for the upcoming generation of mobile cell phones amid intense competition with Chinese companies. Qualcomm has emerged as one of the largest competitors to China's Huawei Technologies Co. in the sector, which makes Qualcomm a...
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