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Why the US killed Broadcom's giant bid for Qualcomm [CNNMoney.com]

BROADCOM LTD ORDINARY SHARES (AVGO)  More Company Research Source: CNNMoney.com
Last broadcom ltd ordinary shares earnings: 6/7 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.broadcom.com
PDF Why the US killed Broadcom's giant bid for QualcommWhy did President Donald Trump kill a $117 billion tech takeover? It's all about China and 5G.The White House on Monday blocked a hostile takeover of US chip-maker Qualcomm (QCOM) by its rivalBroadcom (AVGO), citing "credible evidence" that the deal would "impair the national security of the United States."Here's what the United States is so worried about:The race for 5GUS regulators have in recent weeks expressed concerns that the takeover could cause the United States to fall behind China in the race to develop 5G networks.Qualcomm and Broadcom, which is moving its headquarters from Singapore to the United States, are both working to develop the super-fast fifth generation wireless broadband technology.But the United States is worried that a takeover would dramatically reduce investment and research at Qualcomm, giving an advantage to China.The US Treasury Department warned in a letter made public in early March that since Broadco [Read more]

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