Monday, October 15, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Sharp Releases New AQUOS 8K LCD TVs With 8K Satellite Tuner
Online Political Ads Transparency Project Tackles Archives Built by Social Media Companies
Call of Duty: Black Ops 4 Delivers Biggest Launch Day One Digital Sales in Activision History
Samsung Mobile CEO Confirms New Foldable Phone will Also be a Tablet
Hackers Stole Phone Number and Email Details of 29 Million Facebook Users
TSMC Said to be the Sole Maker of the 7nm Apple A13 Chips
Samsung Chromebook Plus V2 Gets "Always On" LTE Connectivity
Intel Further Reduces Stake in EUV Equipment Maker ASML
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > Mobiles > Preside...
Last 7 Days News : SU MO TU WE TH FR SA All News

Tuesday, March 13, 2018
President Trump Blocks Proposed Takeover of Qualcomm by Broadcom


U.S. President Donald Trump issued an order Monday blocking Broadcom from pursuing its hostile takeover of Qualcomm.

Upon review of a recommendation from the Committee on Foreign Investment in the United States and consideration, which reviews acquisitions of American firms by foreign investors, Trump rejected Broadcom's offer on national security grounds, ending what would have been the technology industry's biggest deal ever.

"There is credible evidence that leads me to believe that Broadcom Ltd.," by acquiring Qualcomm, "might take action that threatens to impair the national security of the United States," Trump said in the order released Monday evening in Washington.

All 15 individuals listed as potential candidates on the Form of Blue Proxy Card filed by Broadcom with the Securities and Exchange Commission on February 20, 2018, are hereby disqualified from standing for election as directors of Qualcomm. According to the order, Qualcomm is prohibited from accepting the nomination of or votes for any of the candidates.

In September, U.S. blocked the sale of Lattice Semiconductor Corp. to a Chinese-backed investor.

Broadcom said in a statement it was reviewing the order and that it "strongly disagrees that its proposed acquisition of Qualcomm raises any national security concerns."

Trump's order came as Broadcom was in the midst of moving its headquarters from Singapore to the U.S. Broadcom had announced the move in November.



Previous
Next
400 Gbit/s Ethernet Optical Modules Debut at Optical Fiber Conference        All News        Apple Music Has 38 million Subscribers, Company Says
Fitbit Releases New Devices for Women, Parents, and Kids     Mobiles News      AMOLED Display Manufacturing Capacity Accelerates in China

Get RSS feed Easy Print E-Mail this Message

Related News
ITC Judge Found Apple Infringing Qualcomm's Patent But iPhones Won't Be Banned
Qualcomm Says Apple Gave Modem Secrets to Intel
Qualcomm Snapdragon Wear 3100 Platform Supports New Ultra-Low Power System Architecture for Smartwatches
Qualcomm and Ericsson Conduct 3GPP-compliant 5G NR mmWave OTA Call with a Mobile Form Factor Device
Broadcom to Ship Fully Compliant 802.11ax Wi-Fi Access Point SoC in Volume
Qualcomm's New aptX Adaptive Designed to Bring Dynamic Wireless Audio to Gaming, Video and Music
Qualcomm and China's Datang Demonstrate First Multi-Chipset Vendor C-V2X Direct Communication Interoperability
Qualcomm Starts Sampling 7nm Mobile SoC
Broadcom to Design 7-nm AI processor For Wave: report
Qualcomm Officially Ends $44 billion NXP Bid
Qualcomm to Scrap NXP Deal
DARPA to Work With Nvidia, Qualcomm, IBM and Intel on Post-Moore's-law Projects

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .