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Qualcomm AGM delayed as US investigates security concerns at Broadcom

Monday 5 March 2018 | 12:37 CET | News

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The US government has ordered Qualcomm to suspend its annual shareholders meeting for at least 30 days while it investigates whether Broadcom's proposed takeover of the company has implications for national security. According to Broadcom, Qualcomm asked the Committee on Foreign Investment in the US (CFIUS), part of the treasury, to investigate the bid by the Singapore-based company. 

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Categories: Mobile & Wireless
Companies: Broadcom / Brocade / Qualcomm
Countries: United States / World
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