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trump blocks $117bn sale of qualcomm

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trump blocks $117bn sale of qualcomm

donald trump has prohibited broadcom, the singapore-based chipmaker, from completing a takeover of its rival firm qualcomm, citing security concerns. see related white house’s video game violence montage sparks angerthe us president revealed in a statement that he has “credible evidence” that suggests the proposed deal, believed to be worth over $117bn (£84bn), “threatens to impair the national security” of the country. last week, the committee on foreign investment in the united states (cfius) expressed concerns over broadcom’s relationship with third-party foreign entities, cnn money reports. but the guardian argues the move appears to target the tech industry in china, rather than broadcom itself.the trump administrat...