Trump Blocks Broadcom’s Bid for Qualcomm Over National Security Concerns

The White House has blocked Broadcom’s bid for Qualcomm due to national security concerns.

President Donald Trump announces that Broadcom will be moving back to the U.S. in the Oval Office at the White House in Washington, D.C, on Nov. 2, 2017. (Credit: NICHOLAS KAMM/AFP/Getty Images)

“The proposed takeover of Qualcomm by the Purchaser is prohibited, and any substantially equivalent merger, acquisition, or takeover, whether effected directly or indirectly, is also prohibited,”

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