VirtualMini

Everything in the world !

trump blocks broadcom’s $117 billion bid for qualcomm out of national security concerns, a highly unusual move

trump blocks broadcom’s $117 billion bid for qualcomm out of national security concerns, a highly unusual move News Article With The full text news and with Resource Link at the bottom of the text and you can View this News Article in the source page.



trump blocks broadcom’s $117 billion bid for qualcomm out of national security concerns, a highly unusual move

president trump on monday ordered singapore-based broadcom to abandon its $117 billion hostile bid for qualcomm, blocking what would have been one of the biggest technology deals in history.in his presidential order, trump cited “credible evidence” that the takeover “threatens to impair the national security of the united states.” the merger would have put one of america’s largest mobile chipmakers in the hands of a company based in asia, a region that has been racing against american companies to develop the next generation of mobile technology.the administration moved with unusual speed in the matter that caught many involved in the negotiations off guard. the committee on foreign investment in the united states, or cfius, an interagency panel led by the treasury department...