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takyon writes:

Broadcom has sent a letter to Congress:

Broadcom Limited said, in a letter to Members of Congress regarding its offer to acquire Qualcomm Inc., that it is committed to making the United States the global leader in 5G by focusing resources and strengthening leadership in this area. Any notion that a combined Broadcom-Qualcomm would slash funding or cede leadership in 5G is completely unfounded. In addition, Broadcom will not sell any critical national security assets to any foreign companies. Of course, any dispositions of assets to foreign buyers would be themselves subject to CFIUS review.

Broadcom is also pledging to create a new $1.5 billion fund with a focus on innovation to train and educate the next generation of RF engineers in the United States. This will ensure America's continued leadership in future wireless technology.

Broadcom also said it will work closely with the United States government as it drives to achieve and sustain this global leadership in 5G and beyond.

Broadcom also smeared Qualcomm's "anticompetitive licensing practices", and created an infographic "to set the record straight about Qualcomm's business relationships in China".

Also at WSJ and CNBC.

See also: The incredible multi-dimensional chess of Qualcomm vs. Broadcom

Previously: Broadcom's Hostile Takeover Attempt of Qualcomm Delayed by U.S. Government Panel

Original Submission