Trump halts Broadcoms' bid for Qualcomm claiming national security is at risk

Claiming that an acquisition of Qualcomm by Broadcom is a national security risk, President Donald J. Trump has blocked the transaction from taking place. Earlier this month, the U.S. Treasury's Committee on Foreign Investment in the United States (CFIUS) issued an extraordinary letter complaining that if a foreign company took over Qualcomm, it would damage U.S. participation in the production of components for the next-generation 5G wireless networks...
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23. gamehead unregistered

But ridding Net Neutrality gets green lit

24. therealestboy

Posts: 82; Member since: May 03, 2013

Good move by Trump. A huge US company shouldn't be bought by a foreign company, especially Asian ones. Broadcom maybe based in Singapore but it has Chinese tentacles everywhere. China is a rival to the USA both in terms of economy and military. I don't like president Trump for many reasons but good stuff.

28. Leo_MC

Posts: 6939; Member since: Dec 02, 2011

But the same US company is ok to buy an EU company (NXP)?

25. 8logic

Posts: 154; Member since: Mar 05, 2012

I love free market, but I value National interest more. The Chinese government will do anything like the Russia with Uranium One. It's part of the Art of War, instead of fighting the fighter, you fight the supports.

29. Leo_MC

Posts: 6939; Member since: Dec 02, 2011

US is taking dangerous steps toward being economically stupid and the world will retaliate soon enough.


Posts: 127; Member since: Nov 25, 2015

If protecting American interest is an act of war from other countries lets the warfare beging, I don't like many of Trump policies but I support this one

46. Leo_MC

Posts: 6939; Member since: Dec 02, 2011

How about if nobody, but US citizens, are buying US made products? There are just 300 million US citizens, there are 3 billion persons living in developed markets (Europe, Asia and Australia) so how long would it take for US to go bankrupt?

36. LumiaLover

Posts: 237; Member since: Sep 27, 2012

Trump didn't just make this decision by himself. He would have taken advice from his intelligence community.

40. Cyberchum

Posts: 1025; Member since: Oct 24, 2012

And your point is?

43. goodmorrow

Posts: 26; Member since: Feb 12, 2014

Also, Apple is looking into buying Broadcom. I think they're waiting to see if Broadcom can acquire Qualcom first. If that happens then Apple will have some leverage against Samsung since Samsung HAS to use Qualcom chips for their US phones.

47. worldpeace

Posts: 3106; Member since: Apr 15, 2016

National security he said? lol... His twitter account have bigger impact in national security than this deal... (And I hope he didn't do anything stupid when he meet N.korean Kim -_-)

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