YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

Trump blocks Broadcom's bid for Qualcomm

Posted online

President Donald Trump yesterday blocked Broadcom’s $117 billion bid for chip maker Qualcomm.

In a presidential order, Trump cited national security concerns. He said there's “credible evidence" that if Singapore-based Broadcom buys Qualcomm, it “might take action that threatens to impair the national security of the United States.”

In November, Broadcom CEO Hock Tan visited the White House to support Trump's tax plan and announce its relocation to the United States.

Read more from The New York Times.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick

Next-Gen Ag: Darr College students outlining new careers in agriculture

Salute to Agriculture provides exposure to further an ag education and develop career opportunities.

Most Read
SBJ.net Poll