Published On: Tue, Mar 13th, 2018

Trump Blocks Broadcom’s Bid for Qualcomm Citing National Security Concerns

Steve Mollenkopf,   CEO of Qualcomm,   responds to a question during the 2014 Consumer Electronics Show (CES) in Las Vegas

 

Both companies were ordered to immediately abandon the $117 billion deal; Trump’s order also prohibits Singapore-based Broadcom’s proposed candidates for Qualcomm‘s board from standing for election. Broadcom says it “strongly disagrees that its proposed acquisition of Qualcomm raises any national security concerns.”

It’s not common for a US president to take such step. Trump’s “America first” policies highlight growing economic tensions with the rest of the world.

[CNBC]

 

Qualcomm Fined $1.2 Billion by the EU for Paying Off Apple

Read more about: , , ,

About the Author

Email:

Delivered by FeedBurner