Trump blocks Broadcom takeover bid for Qualcomm

WASHINGTON — President Donald Trump blocked Singapore chipmaker Broadcom from pursuing a hostile takeover of U.S. rival Qualcomm, ruling the proposed combination would imperil national security.

The decision, announced late Monday, abruptly ends Broadcom's four-month, $117 billion bid to buy Qualcomm — a deal that would have been the largest ever completed in the technology industry.

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