Broadcom s hostile bid for Qualcomm confirmed as a security risk

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President Trump Blocks Broadcom's Takeover Of Qualcomm, Citing National Security

- npr.org
13 Mar 2018
President Trump Blocks Broadcom's Takeover Of Qualcomm, Citing National Security : The Two-Way By acquiring Qualcomm, a leading American chipmaker, the Singapore-based Broadcom "might take action that threatens to impair the national security of the United States," the president said.

Trump Blocks Broadcom Bid for Qualcomm

13 Mar 2018
President Trump has blocked Broadcom's unsolicited, $117 billion takeover bid for Qualcomm, citing national security concerns. The president acted on the recommendation of the Committee on Foreign Investment in the United States, which cited the possibility of Qualcomm's chip technology being compromised by Chinese interests, if it were acquired by Singapore-based Broadcom.
- semiengineering.com

Trump Blocks Broadcom's Bid for Qualcomm

- vaonlinenews.com
13 Mar 2018
Mr. Trump was given an opening to block Broadcom's bid for San Diego-based Qualcomm prior this month. That was when the Committee on Foreign Investment in the United States, or Cfius, a government panel that typically works behind closed doors and reviews deals only after they are declared, said it would stall Broadcom's bid because of national security concerns while it ...

Trump Blocks Broadcom's Bid for Qualcomm

13 Mar 2018
Mr. Trump was given an opening to block Broadcom's bid for San Diego-based Qualcomm earlier this month. That was when the Committee on Foreign Investment in the United States , or Cfius, a government panel that typically works behind closed doors and reviews deals only after they are announced, said it would stall Broadcom's bid because of national security concerns while ...
- ppne.ws

Broadcom's hostile Qualcomm takeover bid

- zdnet.com
13 Mar 2018
See also: Qualcomm, Broadcom meet: Is there a thaw in this hostile takeover dance? | Qualcomm to Broadcom: Thanks for the meeting, but regulatory risk is too high for a deal | Broadcom demanded control of licensing business in Qualcomm acquisition bid | Qualcomm raises bid to acquire NXP Semiconductors to $44 billion

Trump Blocks Broadcom's Qualcomm Takeover

13 Mar 2018
If Broadcom acquires Qualcomm, the hostile takeover would make Broadcom the third largest chipmaker in the world, giving them control over a major portion of the supply chain, which is critical to the vital communications components such as Wi-Fi and cellular modem chips. Such a company, if subjected to national or terrorist interests adverse to America, could install ...
- townhall.com

Broadcom's takeover bid blocked, but troubles to persist for Qualcomm

- hindustantimes.com
13 Mar 2018
Shares of Qualcomm, which got a boost in recent months from Broadcom's pursuit as investors anticipated the possibility of a higher bid, slipped 4.5 percent in extended trading after Trump announced he would block the deal. For its part, Broadcom said it's reviewing the order and strongly disagrees that the deal raises national-security concerns.

Trump blocks Broadcom's bid to buy Qualcomm

13 Mar 2018
US President Donald Trump blocked Monday an unsolicited bid by Singapore-based Broadcom to take over smartphone chipmaker Qualcomm, citing national security concerns. Trump issued an order barring the proposed mega-acquisition, saying there is credible evidence such a deal "threatens to impair the national security of the United States," according to a White House ...
- valuewalkpremium.com

Broadcom to stay on deal path after Qualcomm halt

- toptechnicalsolutions.com
13 Mar 2018
(Reuters) - Broadcom Ltd (AVGO.O ) Chief Executive Hock Tan is unlikely to slow his acquisition spree after U.S. President Donald Trump blocked the microchip maker's $117 billion bid for Qualcomm Inc (QCOM.O ) on national security grounds, analysts said on Tuesday.

President Trump halts Broadcom takeover of Qualcomm

13 Mar 2018
Qualcomm had earlier rebuffed Broadcom's $117 billion bid, which was under investigation by the U.S. Committee on Foreign Investment in the United States (CFIUS), a multi-agency panel led by the Treasury Department that reviews the national security implications of acquisitions of U.S. corporations by foreign companies.
- yahoo.com

Trump Blocks Broadcom's Qualcomm Bid, Citing National Security Concerns

- extremetech.com
13 Mar 2018
Fast forward to just-before-now, when Qualcomm asked the Committee on Foreign Investments in the United States, or CFIUS, to rule on whether the Broadcom merger represented a threat to national security. The committee released its findings six days ago, reporting that "CFIUS has come to believe that Broadcom's successful hostile takeover attempt of Qualcomm, including the ...

Trump blocks Broadcom's 117 billion takeover of Qualcomm with executive order

13 Mar 2018
The Executive Order outlines that Broadcom, "through exercising control of Qualcomm Incorporated (Qualcomm), a Delaware corporation, might take action that threatens to impair the national security of the United States." The order further bars Broadcom's nominees for standing for election on Qualcomm's board of directors, the route that Broadcom was pursuing after the ...
- truepundit.com

Five Things You Need to Know to Start

- fb.me
13 Mar 2018
President Donald Trump's executive order blocking Broadcom Ltd.'s hostile bid for Qualcomm Inc. on national security grounds is being viewed as further evidence of the administration's tough stance against foreign takeovers of the country's tech firms. The fear was that China would gain an edge in critical technology by encouraging Qualcomm to reduce R . That could have ...

Trump blocks Broadcom's 117 billion bid for Qualcomm out of national security concerns, a highly unusual

13 Mar 2018
Qualcomm did not immediately respond to requests for comment Monday night. Broadcom, in a statement, said it was reviewing the order and "strongly disagrees that its proposed acquisition of Qualcomm raises any national security concerns." In after hours trading, shares of Qualcomm sunk as much as 4 percent from its market close of $62.81. Shares of Broadcom rose less than ...
- washingtonpost.com

White House Issues Order Prohibiting Broadcom's Bid for Qualcomm

- droid-life.com
13 Mar 2018
The White House suggested like there is "credible evidence" that Broadcom and its partners may "take action that threatens to impair the national security of the United States," should they acquire Qualcomm. Additionally, the executive order prohibits a list of 15 Broadcom people from serving as a director with Qualcomm, plus Qualcomm can't even accept nominations or votes ...

President Trump nixes Broadcom The Tech Report

13 Mar 2018
Broadcom's attempt to take control of rival chipmaker Qualcomm appears to have hit a tough barrier, as US President Donald Trump has weighed in with a presidential order forbidding any merger between the two companies. Furthermore, Trump disqualified all 15 of Broadcom's candidates for Qualcomm's board of directors. The order cites national security concerns as the primary ...
- techreport.com

Trump blocks Broadcom's acquisition of Qualcomm on national security grounds

- techspot.com
13 Mar 2018
"There is credible evidence that leads me to believe that Broadcom Limited, a limited company organized under the laws of Singapore (Broadcom) [...] through exercising control of Qualcomm Incorporated (Qualcomm), a Delaware corporation, might take action that threatens to impair the national security of the United States," reads a White House statement .

Trump blocks Broadcom's 117 billion bid to buy Qualcomm

13 Mar 2018
Broadcom's hostile takeover of Qualcomm was already under scrutiny by the Committee on Foreign Investment in the United States, or CFIUS, the agency that investigates deals that could potentially give foreign control over American companies. As per a memo by a Treasury Department official, CFIUS was investigating the "risks associated with Broadcom's relationship with ...
- us.blastingnews.com

Trump blocks Broadcom's 117 billion Qualcomm bid over national security

- money.cnn.com
13 Mar 2018
CFIUS disclosed that it was looking at "the risks associated with Broadcom's relationships with third party foreign entities," as well as the "national security effects of Broadcom's business intentions with respect to Qualcomm," according to the memo, which was written by a Treasury Department official.

Trump Blocks Broadcom's Qualcomm Buy on Security Grounds

13 Mar 2018
Last November, semiconductor manufacturer Broadcomm made an unsolicited bid to acquire semiconductor and telecommunications equipment company Qualcomm for $130 billion, which the U.S. company rebuffed. Subsequently, Broadcom last month attempted to launch a hostile takeover of Qualcomm by electing a majority of the company's directors.
- databreachtoday.com

Trump blocks Broadcom takeover bid for Qualcomm

- phys.org
13 Mar 2018
In this Thursday, April 27, 2017, file photo, visitors look at a display booth for Qualcomm at the Global Mobile Internet Conference (GMIC) in Beijing. On Monday, March 12, 2018, President Donald Trump blocked Singapore-based Broadcom's takeover of U.S. chipmaker Qualcomm on national security grounds. (AP Photo/Mark Schiefelbein, File)

Seeing a Threat to National Security, Trump Blocks Broadcom from Acquiring Qualcomm

13 Mar 2018
"President Trump is 100 percent correct to stop the attempt by Singapore-owned Broadcom to take over the Qualcomm Corporation. The transfer of Qualcomm's technology innovations includes its strides toward 5G to a foreign company posed a real danger to national security," American for Limited Government President Rick Manning said in a statement.
- breitbart.com

Trump's Message in Blocking Broadcom Deal

- bloomberg.com
13 Mar 2018
On Monday, Tan went to the Pentagon to meet with CFIUS officials in a bid to address their Qualcomm concerns. Tan argued that combining Broadcom and Qualcomm would further U.S. interests by advancing the development of the next generation of wireless technology known as 5G, according to a person familiar with the meeting. Hours later, Trump issued his order.

President Trump Blocks Qualcomm's Merger With Broadcom Due To China Influences

13 Mar 2018
President Donald Trump, for his part, officially declared on Monday that the proposed $117 billion deal was prohibited on national security grounds. The president said in his order that "there is credible evidence" leading him to believe that Broadcom through control of San Diego-based Qualcomm "might take action that threatens to impair the national security of the United ...
- spartareport.com

President Trump halts Broadcom's bid for Qualcomm, citing "national security

- arstechnica.com
13 Mar 2018
On Monday evening, President Donald Trump officially blocked Broadcom's efforts to purchase Qualcomm. He issued an executive order saying that there is "credible evidence" to suggest that the deal "threatens to impair the national security of the United States."

Trump blocks Broadcom's 117B bid for Qualcomm over national

13 Mar 2018
The administration did not detail its national-security concerns, but CFIUS last week sent a letter to the attorneys of the two companies saying it was concerned research and development at Qualcomm might atrophy under Broadcom's direction, according to a copy that was reviewed by The Washington Post. If that happened, China's Huawei Technologies, a rival to Qualcomm and a ...
- seattletimes.com

President Trump signs executive order blocking Broadcom's acquisition of Qualcomm

- androidpolice.com
13 Mar 2018
According to Bloomberg, President Trump signed the executive order based on advice from the Committee on Foreign Investment. While Qualcomm is an American company, Broadcom Limited is incorporated in Singapore, causing the deal to potentially be a national security problem.

Trump blocks Broadcom takeover of Qualcomm

13 Mar 2018
U.S. President Donald Trump on Monday blocked microchip maker Broadcom Ltd's proposed takeover of Qualcomm Inc on national security grounds, ending what would have been the technology industry's biggest deal ever amid concerns that it would give China the upper hand in mobile communications.
- theglobeandmail.com

Why Trump blocked Qualcomm It's all about 5G

- newsinn.org
13 Mar 2018
"There is credible evidence that leads me to believe that Broadcom Limited...through exercising control of Qualcomm Incorporated, a Delaware Corporation, might take action that threatens to impair the national security in the United States," Trump wrote in an executive order on Monday. "The proposed takeover of Qualcomm by the purchaser is prohibited, and any substantially ...

U S Blocks Broadcom Takeover of Qualcomm

13 Mar 2018
Paul, "But no matter: Broadcom's hostile takeover bid for Qualcomm threatened to disrupt an industry-wide transition to the next era of mobile computing, in which speedy 5G networking will essentially erase the access speed differences between local and remote data." How do you figure?
- thurrott.com

Trump blocks Singapore tech giant Broadcom's 117 billion bid to buy Qualcomm citing 'national security

- dnaindia.com
13 Mar 2018
US President Donald Trump today blocked a planned USD 117 billion takeover of chipmaker Qualcomm by Singapore-based rival Broadcom for national security reasons, scuttling what would have been the biggest technology deal ever amid concerns that it would allow China to take the lead in the booming market of producing chips.

U S president Trump blocks Broadcom's acquisition of Qualcomm citing national security concerns

13 Mar 2018
The move comes after Committee on Foreign Investment in the US alerting both the companies that it believed the takeover would pose too great a security risk. CFIUS says that it believes that if Broadcom acquires Qualcomm, it would likely cut costs of the American company and weakens its ability to compete against Chinese companies like Huawei and others. It would also let ...
- fonearena.com

Why Trump's Broadcom Qualcomm Takeover Block Is Good for the U

- idropnews.com
13 Mar 2018
Citing "credible evidence" that the deal could pose imminent threats to national security, the Trump administration -- backed by the recommendations of the Committee on Foreign Investment in the US (CFIUS) -- cited that the Singapore-based Broadcom Limited takeover of Qualcomm could give Chinese companies an unfair advantage in their deployment of next-generation 5G ...

President Trump steps in to stop Broadcom

13 Mar 2018
While the ongoing drama between chip-makers Broadcom and Qualcomm has been quite the rollercoaster, no one could have anticipated what happened late Monday evening. In a startling turn of events, President Donald Trump issued a presidential order forbidding Broadcom's purchase of Qualcomm.
- androidauthority.com

U S presidential order blocks Broadcom's acquisition of Qualcomm

- androidandme.com
13 Mar 2018
Since that initial rejection, rumors and expectations pegged another offer to come from Broadcom. But it looks like that won't be happening after all. The United States President sent out an order yesterday to block any potential acquisition of Qualcomm by Broadcom. The statement reads, "The proposed takeover of Qualcomm by the Purchaser (Broadcom) is prohibited, and any ...

Trump order blocks Broadcom

13 Mar 2018
San Diego-based Qualcomm, the world's largest maker of chips and processors for phones , rejected a revised, $121 billion buyout in February. Talks grew more contentious a few weeks later when Broadcom lowered its buyout offer for Qualcomm to approximately $117 billion, making "an inadequate offer even worse."
- cnet.com

Trump blocks Broadcom's Qualcomm bid, citing security concerns

- itpro.co.uk
13 Mar 2018
As part of the presidential order, Qualcomm has been told to reconvene its 2018 annual shareholder meeting as early as possible, after delaying it for the CFIUS investigation. Any Broadcom nominees that would have been present as part of the deal will be barred from attending. Other than a statement acknowledging the order, Qualcomm has yet to comment specifically.

Trump blocks Broadcom deal over national security concerns

13 Mar 2018
"While the United States remains dominant in the standards-setting space currently, China would likely compete robustly to fill any void left by Qualcomm as a result of this hostile takeover," the letter reads . "Given well-known U.S. national security concerns about Huawei and other Chinese telecommunications companies, a shift to Chinese dominance in 5G would have ...
- thehill.com

Even With Takeover Bid Blocked, Qualcomm 'Is in a Tight Spot

- thedusknews.com
13 Mar 2018
But Qualcomm says patent royalties are essential to allow the company to fund development of new wireless technologies years before chips incorporating them hit the market. The Committee on Foreign Investment in the United States, a government panel that recommended that Mr. Trump block the deal, argued that Broadcom's strategy of limiting spending on long-term research ...

Trump Blocks Broadcom Takeover of Qualcomm, Citing National Security

13 Mar 2018
Buying Qualcomm would make Broadcom the third-largest chip maker, behind Intel and Samsung Electronics. The combined business would become the default provider of a set of components needed to build each of the more than 1 billion smartphones sold every year.
- timesofsandiego.com
#UnitedStates      #ForeignInvestment      #SanDiego      #PresidentTrump     
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