Trump blocks Singaporean chip maker's bid for US rival Qualcomm

Trump blocks Singaporean chip maker's bid for US rival Qualcomm
 

Donald Trump took the unusual step of blocking the Singaporean chip maker Broadcom’s bid for its US rival Qualcomm on Monday night, citing national security concerns and ending what would have been the biggest-ever tech deal.
Announcing the extraordinary move, Trump said “there is credible evidence” that allowing the Singapore-based company to take control of Qualcomm could lead to “action that threatens to impair the national security of the United States”.
The decision underlines the economic protectionism of the Trump administration and comes just days after the US announced it would... read more

 
13 March 2018 in Business, Views: 56
Source: Guardian
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