Seeing a Threat to National Security, Trump Blocks Broadcom from Acquiring Qualcomm
by John Carney 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 indirectly, is also prohibited,” the president said in an order issued Monday. The order is the latest signal that the president is willing to take dramatic actions to put his agenda of economic nationalism into effect. Last week the president made official plans to put tariffs on imported steel and aluminum, saying foreign dumping...
by John Carney 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,...
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