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Trump Blocks Broadcom's Qualcomm Buy on Security Grounds


Endpoint Security , Mobility , Next-Gen Security Technologies

Trump Blocks Broadcom's Qualcomm Buy on Security Grounds Administration Cites National Security, R&D Concerns Mathew J. Schwartz (euroinfosec) • March 13, 2018 President Donald Trump (Photo: Gage Skidmore)

President Donald Trump has blocked a bid by Singapore's Broadcom to acquire San Diego-based Qualcomm on national security grounds.

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"There is credible evidence that leads me to believe that Broadcom ... might take action that threatens to impair the national security of the United States," Trump wrote in a Monday executive order that blocked the deal.

Last November, semiconductor manufacturer Broadcomm made an unsolicited bid to acquire semiconductor and telecommunications equipment company Qualcomm for $130 billion, which the U.S. company rebuffed. Subsequently, Broadcom last month attempted to launch a hostile takeover of Qualcomm by electing a...(continued)

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