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Monday, March 12, 2018

Trump Blocks Broadcom’s Bid for Qualcomm

WASHINGTON — President @Trump on Monday blocked @Broadcom’s $117 billion bid for the chip maker @Qualcomm, citing national security concerns and sending a clear signal that he was willing to take extraordinary measures to promote his administration’s increasingly protectionist stance. In a presidential order, Mr. Trump said “credible evidence” had led him to believe that if Singapore-based Broadcom were to acquire control of Qualcomm, it “might take action that threatens to impair the national security of the United States.”

https://mobile.nytimes.com/2018/03/12/technology/trump-broadcom-qualcomm-merger.html?referer=https://www.google.com/

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