U.S. President Donald Trump issues order prohibiting Broadcom takeover of Qualcomm

​U.S. President Donald Trump on Monday blocked microchip maker Broadcom Ltd’s proposed takeover of Qualcomm Inc. on national security grounds, ending what would have been the technology industry’s biggest deal ever amid concerns that it would give China the upper hand in mobile communications. The presidential order reflected a calculation that the United States’ lead… Read More U.S. President Donald Trump issues order prohibiting Broadcom takeover of Qualcomm

Qualcomm rejects Broadcom $103billion takeover bid

Mobile chipmaker Qualcomm Inc. on Monday rejected rival Broadcom Ltd’s $103-billion takeover bid, saying the offer undervalued the company and would face regulatory hurdles. Shares of Qualcomm were up 1.8 percent at $65.74 in early afternoon trading, while those of Broadcom were down 0.4 percent at $263.95. Broadcom said it would seek to engage with… Read More Qualcomm rejects Broadcom $103billion takeover bid