Broadcom has given up on Qualcomm buyout after veto from Trump

Why Trump blocked Qualcomm-Broadcom: It's all about 5G

White House Issues Order Prohibiting Broadcom's Bid for Qualcomm

US President Donald Trump blocked Singaporean microchip maker Broadcom Ltd's proposed takeover of Qualcomm Inc, and said in a presidential order that there is "credible evidence" that the deal threatens national security. That could leave the USA hobbled in the race to develop next generation, 5G wireless technology, according to people familiar with the matter.

Dead deal: Broadcom withdrew its $117 billion offer to acquire Qualcomm this morning.

Thousands of Qualcomm employees went to work Tuesday no longer facing the threat of Broadcom's hostile takeover.

Now that Broadcom has withdrawn its offer, and its nominated directors, it remains to be seen what's going to happen next.

Bringing Broadcom and Qualcomm together would have been the technology industry's largest ever deal.

"Under the terms of the presidential order, all of Broadcom's director nominees are also disqualified from standing for election as directors of Qualcomm", the California-based company said in a statement.

"Broadcom strongly disagrees that its proposed acquisition of Qualcomm raises any national security concerns", the company said. However, Broadcom had already committed to redomiciling its business to the US, and confirmed this week that it would do so by April 3.

Bolton helps visitors win
As dominant as Australia were with the bat, it was their bowlers that snotted the life out the Indian line-up. The most successful Australian bowler, though, was Jess Jonassen , who returned impressive figures of 4/30.

East River helicopter crash: 5 dead were stuck in harnesses
The East River separates the borough of Queens on Long Island from the Bronx and also divides Manhattan from Queens and Brooklyn. Eric Adams , from western Pennsylvania, was some of the last people to see the victims of the doomed helicopter flight alive.

Samsung Galaxy J8 & J8 Plus Specifications Leaked On A Benchmarking Site!
I think most of us would agree that Samsung's claim that the Galaxy S9 "reinvents" the smartphone camera is some major hyperbole. Anyways, only time will tell as Samsung is offering up to KRW 100,000 in cash to Korean customers who return their Galaxy S8 .

Analysts said Broadcom can still build heft through smaller deals and could have an easier time buying United States targets if it goes through with plans to redomicile in the US.

Technalysis Research president Bob O'Donnell said Broadcom has gained a reputation as a cost-cutter while Qualcomm - which makes most of the world's microprocessors for smartphones - has been focused on innovating.

CFIUS investigated whether "the likelihood that acquisition of Qualcomm by Broadcom could result in changes that affect the security and integrity of supply of goods and services to the USA government in a manner that is detrimental to United States national security".

One explanation appears to be inherent suspicion of Broadcom amongst the "powers that be" in the US.

Broadcom is still seeking major mergers and acquisitions and isn't likely to change course due to the failure of its attempt to seize control of Qualcomm, according to a number of analysts interviewed by Reuters.

Absorbing Qualcomm, Broadcom would have significantly expanded the range of solutions that today are largely limited to chips for Wi-Fi and Bluetooth equipment, and also intended for industrial applications.

One factor that may have pushed CFIUS to move quickly was a unusual maneuver by Broadcom to relocate to the United States.

Latest News