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White House ends Broadcom bid for Qualcomm, citing security concerns

Tuesday 13 March 2018 | 08:53 CET | News
The US government will not allow the takeover of Qualcomm by Broadcom, due to national security concerns, according to a statement from the White House. An order signed by US President Donald Trump said there was "credible evidence" that Broadcom, a company based in Singapore, by exercising control over Qualcomm, "might take action that threatens to impair the national security of the United States". 

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Categories: Mobile & Wireless
Companies: Broadcom / NXP Semiconductors / Qualcomm
Countries: World
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