Trump blocks Qualcomm takeover by Broadcom on national security reasons

- Adrian Ungureanu
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The story of Broadcom’s take over Qualcomm is over, no matter how much money the Broadcom is willing to spend to buy the Snapdragon chipset maker.

Last time, the offer went up to 131 billion dollars, and it would have been the biggest acquisition in history, but now even the US president, Donald Trump, intervened.

In the official statement of the White House administration, Donald Trump argues Qualcomm takeover by Broadcom, bringing up the US national security risks this deal will bring.

“There is credible evidence that leads me to believe that Broadcom Limited, a limited company organized under the laws of Singapore (Broadcom)…through exercising control of Qualcomm Incorporated (Qualcomm), a Delaware corporation, might take action that threatens to impair the national security of the United States”, said Trump in the official White House statement

In other words, being a headquartered in Singapore, Broadcom is not considered an American company, so it has the purpose of spying or stealing data. We do not know how he came to this conclusion, but it’s not the first time Trump says he has evidence about something, but the only evidence are his own fantasies.

Anyway, with the new development, at least for the next two years, Broadcom can stop trying taking over Qualcomm.