The Associated Press by John Carney12 Mar 20180 12 Mar, 201812 Mar, 2018 President Donald Trump Monday ordered Broadcom to cease its attempt to purchase Qualcomm, saying the deal was a threat to national to national security. “The proposed takeover of Qualcomm is prohibited, and any substantially equivalent merger, acquisition, or takeover, whether effected directly or
President Donald Trump issued an executive order prohibiting the takeover of Qualcomm by Broadcom based on the outcome of a review by the Committee on Foreign Investment in the United States (CFIUS) – the same panel that allowed Russia to purchase Uranium One and 20% of America’s uranium reserves under President Obama. Broadcom was in
Gordon Chang, an expert on China, columnist at The Daily Beast, and author of Nuclear Showdown: North Korea Takes On the World, spoke Wednesday with co-hosts Rebecca Mansour and Joel Pollak on Sirius XM’s Breitbart News Tonight. Chang called on the Trump administration to block Broadcom’s hostile takeover attempt of Qualcomm in the interest of national security.