Here"s Why The US President Blocked The $117b Singapore Based Broadcom Buyout Of Qualcomm
US President Donald Trump blocks Broadcom buyout of Qualcomm Looks like the big competition to Intel may not be happening after all as its shares jumped over 4%, hitting a record high of $53.76, Tuesday morning after US President Donald Trump blocked Broadcom’s proposed $117 billion buyout of Qualcomm . The arrangement would have made a noteworthy competitor for the chip maker. Intel, which generally has not been a noteworthy player in mobile chips, has been attempting to develop its essence in the fragment and even considered entering a contending offer for Qualcomm to fight off the risk of expanded rivalry. Citing national security concerns, President Donald Trump on Monday blocked a Singapore-based company from buying the American Qualcomm even as some accuse him of pushing his "protectionist" agenda forward in spite of concerns such moves could attract a retaliation from other countries. In a White House website post , the US President said “There is credible evide...