Trump blocks Broadcom’s takeover of Qualcomm, citing national security

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Donald Trump has signed an executive order that blocks Broadcom from buying Qualcomm. The takeover has been talked about for a number of months, but now the president — in line with his “America first” drive — has scuppered what would have been the largest technology deal ever. Had the deal gone ahead, a merged Broadcom and Qualcomm would have been responsible for a massive proportion of the chips in phones, computers and connected devices. But US concerns about China mean that the deal is now very much off the table. See also: Broadcom may buy Qualcomm for $100 billion… …Continue reading on BetaNews

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