Trump blocks takeover of Qualcomm by Broadcom

On Monday, President Trump blocked the Singapore-based chip manufacturer Broadcom from its $117 billion bid on rival Qualcomm.

The Committee on Foreign Investment found that the purchase would benefit Chinese competitors attempting to produce next-generation mobile technology, and would also eliminate a supplier of telecommunications technology for federal defense agencies, Politico reports. This would have been the largest tech takeover in U.S. history.

Broadcom's acquisition of Brocade...

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