President Trump halts Broadcom takeover of Qualcomm

On 12 March 2018, President Trump issued an order blocking the proposed hostile takeover of Qualcomm Incorporated, a semiconductor and telecommunications equipment company headquartered in California, by Broadcom Limited, a semiconductor device supplier organized in Singapore with operational headquarters in California. The president’s order cites national security concerns as the basis for blocking a transaction valued at approximately US$117 billion.

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