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Broadcom's quest to acquire Qualcomm has come to a screeching halt:
President Trump on Monday blocked Broadcom's $117 billion bid for the chip maker Qualcomm, citing national security concerns and sending a clear signal that he was willing to take extraordinary measures to punctuate his administration's increasingly protectionist stance. In a presidential order, Mr. Trump said there was "credible evidence" that led him to believe that if Singapore-based Broadcom were to acquire control of Qualcomm, which is based in San Diego, it "might take action that threatens to impair the national security of the United States."
[...] The move follows one by the Committee on Foreign Investment in the United States, which typically works behind closed doors and reviews deals only after they are announced, earlier this month to stall Broadcom's bid because of national security concerns. [...] The president said his decision had been based on the review by the committee, which focused on how Broadcom's purchase of Qualcomm might affect next-generation high-speed mobile networks known as 5G. The panel said that the leadership of Qualcomm, which makes wireless chips and also licenses key wireless patents, was too important to put into hands of a company with links to China. The committee argued that economic leadership in 5G was also a national security interest.
The Committee on Foreign Investment in the United States has just put a lot of companies on notice.
Previously: Broadcom's Hostile Takeover Attempt of Qualcomm Delayed by U.S. Government Panel
Broadcom Pleads its Qualcomm Case to Congress
Related: President Trump Blocks Acquisition of Lattice Semiconductor
U.S. Lawmakers Urge AT&T to Cut Ties With Huawei
U.S. Government Reportedly Wants to Build a 5G Network to Thwart Chinese Spying
U.S. Rejects Chinese Takeover of the Chicago Stock Exchange
(Score: 3, Insightful) by aristarchus on Wednesday March 14 2018, @06:33AM (2 children)
Seems like there was a very fine aristarchus submission on this not too long ago. Ah, yes.
https://soylentnews.org/submit.pl?op=viewsub&subid=24842 [soylentnews.org]
It seems that the conspiracy laden alt-right has met up with the conspiracy laden old (Ger: "alt") right to make tech and foreign policy for the United States of America, or what is left of it. Did you hear the one about Pizza Trails in the Sky that control sheeple's minds?
(Score: 3, Informative) by HiThere on Wednesday March 14 2018, @11:19PM (1 child)
Pizza trails exert a lot of control over my mind. Especially the ones with garlic and olives.
Javascript is what you use to allow unknown third parties to run software you have no idea about on your computer.
(Score: 3, Funny) by aristarchus on Wednesday March 14 2018, @11:25PM
Are you suggesting "It'll be pie, in the sky, by 'n' bye"? That's a lie! (Old Wobbly Tune)
(Score: 1, Insightful) by Anonymous Coward on Wednesday March 14 2018, @06:53AM
The only time conservatives seem to care about the problems oligopolies present is when it threatens national security. God, I hate the telecom oligopolies. The different ways they've fucked us over...
(Score: -1, Offtopic) by Anonymous Coward on Wednesday March 14 2018, @07:02AM
Stephen Hawking just died, you mutherfuckers.
Why is this the next story?
(Score: -1, Spam) by Anonymous Coward on Wednesday March 14 2018, @07:23AM
Stephen Hawking just died, you mutherfuckers.
Why is this the next story?
(Score: -1, Spam) by Anonymous Coward on Wednesday March 14 2018, @07:49AM
Stephen Hawking just died, you mutherfuckers.
Why is this the next story?
(Score: -1, Spam) by Anonymous Coward on Wednesday March 14 2018, @07:57AM
Stephen Hawking just died, you mutherfuckers.
Why is this the next story?
(Score: -1, Spam) by Anonymous Coward on Wednesday March 14 2018, @08:04AM
Stephen Hawking just died, you mutherfuckers.
Why is this the next story?
(Score: 0) by Anonymous Coward on Wednesday March 14 2018, @10:52AM
Well, I can still buy oil with them. But if I can't buy certain interesting American companies with them no matter how much I have, well then, perhaps the US dollar really isn't as valuable as it is said to be. Maybe I ought to start selling off some of them, and see if that doesn't start bringing down the price of the dollar to its proper, lower level.
(Score: 3, Interesting) by richtopia on Wednesday March 14 2018, @01:34PM
The deal was blocked because a foreign company is attempting to buy a company deemed vital to security interests of the USA. Broadcom was already looking to redomicile stateside which may make the Defense Production Act of 1950 non-applicable.
https://www.prnewswire.com/news-releases/broadcom-redomiciliation-now-expected-to-be-completed-by-april-3-2018-300612124.html [prnewswire.com]
(Score: 3, Interesting) by canopic jug on Wednesday March 14 2018, @03:58PM
According to Bloomberg, Qualcomm outspent Broadcom about 100 to 1 in lobbying [bloomberg.com]. About the lobbying,
The 2017 numbers were $8.3 million from Qualcomm and $85,000 from Broadcom.
Money is not free speech. Elections should not be auctions.
(Score: 0) by Anonymous Coward on Wednesday March 14 2018, @04:40PM
so what then? swap out the US intel agency spyware with someone else's spyware? can't have people stealing your slaves i guess.