Cramer: Trump views Huawei as China's 'Achilles' heel,' Broadcom found that out the hard way [CNBC]
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Source: CNBC
Cramer: Trump views Huawei as China's 'Achilles' heel,' and Broadcom found that out the hard way Broadcom Jim Cramer Trump feels he has to "sacrifice Broadcom on the alter of Huawei" to humble "The president regards Huawei as the Achilles' heel" of Chinese leader "Mad Money" Tan may be feeling hard done by Trump, said Cramer, pointing out that the Broadcom CEO in 2017 went to the , and joined the president, to announce he was relocating the Singapore-based company back to the United States. In another knock, the Trump administration last year blocked Broadcom's $117 billion bid to buy San Diego-based Qualcomm "What a kiss of death, if you're a great friend with the president," Cramer said on " Squawk on the Street "Broadcom is a remarkably good company and it's going to be hurt" in the crossfire between the world's two biggest economic superpowers, he explained. Shares of Broadcom fell sharply at Friday's open on Wall Street, after the semiconductor maker reported late Thursday we
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