Springfield, MO

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.


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

Nonprofits duel in yearslong legal battle

Jury trial between Community Foundation and Springfield Community Center is set in July for $500,000 allegedly misused.

Most Read Poll
Will you ride the new Time Traveler roller coaster at Silver Dollar City?

View results