Trump blocks Broadcom's attempted acquisition of Qualcomm

Broadcom's attempted acquisition of Qualcomm has been stopped by President Trump.

@anthony256
Published Tue, Mar 13 2018 12:31 AM CDT   |   Updated Tue, Nov 3 2020 11:52 AM CST

President Trump has issued an order that immediately stops Broadcom's attempts at acquiring Qualcomm, with Broadcom now blocked from the takeover and anything "substantially equivalent" to it, as it might "impair the national security" of the United States.

Trump blocks Broadcom's attempted acquisition of Qualcomm | TweakTown.com

Broadcom has been lusting after Qualcomm for a while now, offering up a huge $130 billion to acquire the Snapdragon creator, and soon, 5G leader. There was a letter from the Committee on Foreign Investment in the US that warned of a major national security threat if the Singapore-based company were to acquire Qualcomm.

In the meantime, Broadcom has said it is "reviewing" President Trump's order, and that the company "strongly disagrees" that its acquisition of Qualcomm would affect US national security. Qualcomm has said that once they've got the Order, they will kick off their annual stockholders meeting on March 23.

NEWS SOURCE:tweaktown.com

Anthony joined the TweakTown team in 2010 and has since reviewed 100s of graphics cards. Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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