Broadcom

Broadcom’s months-long attempt to takeover Qualcomm is officially over following yesterday’s intervention by the White House. The foreign chipmaker today announced that it’s complying with an order issued by President Trump that cited national security in blocking the deal.

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Early last month, Broadcom announced a $105 billion offer to buy Qualcomm. The latter chipmaker has rejected the initial bid in an attempt to possibly get a better offer. However, a new report today reveals that Google and others in the industry are worried about such a deal due to innovation concerns, as well as the purchase aiding Apple.

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