President Trump has blocked Broadcom’s proposed $117 billion takeover of Qualcomm, citing national security concerns as the primary motives for his decision.
In a presidential order, released on Monday, Mr Trump stated that “credible evidence” had led to believe that if Broadcom were to take full control of the U.S-based Qualcomm it “might take action that threatens to impair the national security of the United States.”
President Trump’s decision may appear to be extreme, given that Broadcom headquarters in both Singapore and the United States and is actively looking to redomicile to the U.S.… .....Read More
- Posted by Chris Boothroyd
- On March 13, 2018
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