Trump signs order prohibiting Broadcom takeover of Qualcomm




FILE PHOTO - A sign to the campus offices of chip maker Broadcom Ltd is shown in Irvine, California
FILE PHOTO - A sign to the campus offices of chip maker Broadcom Ltd is shown in Irvine, California  

WASHINGTON (Reuters) - U.S. President Donald Trump issued an order on Monday prohibiting Broadcom Ltd's (AVGO.O) proposed takeover of Qualcomm Inc (QCOM.O) on grounds of national security.

Qualcomm has rebuffed Broadcom's $117 billion takeover offer, which is under investigation by the Committee on Foreign Investment in the United States, a multi-agency panel led by the Treasury Department that reviews national security implications when foreign entities take over U.S. corporations.


(Reporting by Eric Beech; Editing by Eric Walsh)

COMMENTS

More Related News

Trump says would intervene in arrest of Chinese executive
Trump says would intervene in arrest of Chinese executive

U.S. President Donald Trump said on Tuesday he would intervene with the U.S. Justice Department in the case against a Chinese telecommunications executive if it would help secure a trade deal with Beijing. "If I think it's good for the country, if I think it's good for what will be certainly the

California judge orders porn star to pay Trump legal fees
California judge orders porn star to pay Trump legal fees

LOS ANGELES (AP) - Porn star Stormy Daniels must pay President Donald Trump nearly $293,000 for his attorneys' fees and another $1,000 in sanctions after her defamation suit against him was dismissed, a federal judge in Los Angeles ordered Tuesday.

Republicans beginning to worry about Trump re-election
Republicans beginning to worry about Trump re-election

President Donald Trump's intensifying legal troubles are unnerving some of his fellow Republicans. Trump, ever confident of his ability to bend story lines to his will, mocks the investigations into his conduct as candidate and president as a "witch hunt" and insists he will survive the

Pence aide out of running to be Trump
Pence aide out of running to be Trump's next chief of staff

President Donald Trump evaluated new candidates to serve as his next chief of staff Sunday after plans for an orderly succession for departing John Kelly fell through. No obvious successor was in sight and there was some fretting that Trump may not be able to fill the job by the time Kelly was set to

Top House Dems raise prospect of impeachment, jail for Trump
Top House Dems raise prospect of impeachment, jail for Trump

WASHINGTON (AP) - Top House Democrats on Sunday raised the prospect of impeachment or almost-certain prison time for President Donald Trump if it's proved that he directed illegal hush-money payments to women, adding to the legal pressure on the president over the Russia investigation and other scandals

Leave a Comment

Your email address will not be published. Required fields are marked with *

Cancel reply

Comments

Top News: Economy

facebook
Hit "Like"
Don't miss any important news
Thanks, you don't need to show me this anymore.