The White House issued a statement by President Donald Trump to suspending deal, Broadcom takeover of Qualcomm after attempted acquisition of foreign investment in the United States. Was advised earlier that the deal could affect national security.
This statement indicates that The two companies have ceased trading operations immediately and prohibit Broadcom nominees to the Board Qualcomm with
Broadcom is a registered company headquartered in Singapore, while Qualcomm registered office in America, and because Qualcomm’s chip communications major. The 5G technology is developed, thereby causing such concern.
However this was not unexpected because the Broadcom announced previously. Registration will move its headquarters to the United States. This process will be completed on April 3 At that Broadcom’s proposed acquisition will again.