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Trump blocks takeover of tech company

A $US121-billion takeover of Qualcomm by Singapore's Broadcom has been blocked by US President Donald Trump over national security concerns.

US President Donald Trump has blocked the $US121 billion takeover of Qualcomm by Singapore's Broadcom over national security concerns.

The takeover of the telecommunications company would have been the most expensive to occur in the technology industry.

"There is credible evidence that leads me to believe that Broadcom ... through exercising control of Qualcomm ... might take action that threatens to impair the national security of the United States," a White House statement quoted Trump as saying.


1 min read

Published

Source: AAP



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Trump blocks takeover of tech company | SBS News