US Government Blocks Broadcom’s Bid For Qualcomm

Broadcom has been trying to takeover Qualcomm, and if successful, they would form one of the largest chip companies in the world. However it seems that concerns about a monopoly wasn’t what the US government was worried about, but rather what Broadcom’s takeover could mean for Chinese companies. So much so that the Committee on Foreign Investment has blocked Broadcom’s bid on Qualcomm.

Apparently it seems that the committee has determined that Broadcom’s possible takeover could mean...

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