Broadcom is now a U.S. company incorporated in Delaware, with its HQ in San Jose
Affixing his signature on a presidential order, Donald Trump was able to block Broadcom's $117 billion deal to purchase fellow chip maker Qualcomm. Trump came to the conclusion that the country's national security would be at risk if Broadcom was allowed to acquire its target. This followed an extraordinary letter released by the U.S. Treasury's Committee on Foreign Investment in the United States (CFIUS) stating that if a foreign company were to buy Qualcomm, it would hurt U.S. participation in the production of components for the next-gen 5G wireless networks.
Interestingly, Broadcom had already announced prior to announcing its bid for Qualcomm that it was moving the company from Singapore to the U.S., where it would be incorporated in Delaware. Broadcom was originally a U.S. company until it was acquired in 2016 by Avago, located in Singapore. The latter changed its name to Broadcom, and had co-headquarters in Singapore and San Jose. Yesterday, the move back to the states was completed.
source: Reuters
Broadcom's offices in San Jose will now become the company's one and only headquarters. The company produces a number of products including "a broad range of wireless solutions for mobile and wireless infrastructure applications including smartphones, tablets, internet gateway routers and enterprise access points." This includes millimeter wave integrated circuits for 5G connectivity, GPS and Bluetooth SoCs and more.
source: Reuters
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