Block of Broadcom's Proposed Acquisition of Qualcomm
💰 Economy · First Term (2017–2021) · 🤖 AI-categorized
On March 12, 2018, President Trump signed an order prohibiting Broadcom Limited's proposed $117 billion acquisition of Qualcomm Incorporated, citing national security concerns related to 5G technology leadership. The order effectively terminated the proposed merger. The action prevented the consolidation of two major U.S. semiconductor companies and kept Qualcomm operating as an independent entity.
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https://www.congress.gov/