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Trump blocks Broadcom's bid for Qualcomm on security grounds

Mar 14 , 2018

US President Donald Trump has blocked a planned takeover of chipmaker Qualcomm by Singapore-based rival Broadcom on grounds of national security.

His order cited "credible evidence" that the proposed $140bn (£100bn) deal "threatens to impair the national security of the US".

There were concerns the takeover could have led to China pulling ahead in the development of 5G wireless technology.


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