Broadcom acquisition Qualcomm's drama-of-the-year has staged a period of time, the plot and repeatedly, and news yesterday showed that Intel to a recruit 'the Wolf has a winning game when the shepherds quarrel,' Trump today again to add a scene. The White House issued a statement on Monday saying it had halted the acquisition of Qualcomm because of national security concerns.
'There is a lot of evidence that makes me believe that Broadcom, based on the laws of Singapore,... By controlling Qualcomm Inc., which is registered in Delaware, the United States may act to endanger national security.
The two companies were ordered to abandon the deal, and the 15 candidates nominated by Broadcom were also barred from running for the board.
The Treasury Committee on foreign investment as early as this year on March 5, through the mail to the lawyers expressed support for the acquisition, reasons include Broadcom research budget cuts bad reputation, potential risks to national security, and so on. Nevertheless, Broadcom remains optimistic that a plan to move Broadcom's headquarters from Singapore to the US could save the deal.
Qualcomm shares fell nearly 5 percent after the White House announcement, and Broadcom shares rose about 1 percent after a brief decline.
Qualcomm has not yet to respond. Broadcom said it was reviewing the order and said it was strongly opposed to the idea that the takeover would endanger U.S. national security.