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Broadcom

Trump blocks Broadcom’s bid to buy Qualcomm

WASHINGTON: US President Donald Trump on Monday blocked an unsolicited bid by Singapore-based Broadcom to take over smartphone chipmaker Qualcomm, citing national security concerns. Trump issued an order barring the proposed mega-acquisition, saying there is credible evidence such a deal "threatens to impair the national security of the United States," according to a White House statement. The order came despite Broadcom's assurances that it would complete its move to the United States by early April, ahead of a…

Broadcom offers to buy mobile chipmaker Qualcomm for $103 billion

Communications chipmaker Broadcom on Monday said it offered to buy smartphone chip supplier Qualcomm for $70 per share or $103 billion in cash and stock, in what would be the biggest technology acquisition ever. A tie-up would combine two of the largest makers of wireless communications chips for mobile phones and raise the stakes for Intel, which has been diversifying into smartphone technology from its stronghold in computers. Broadcom’s offer is at a premium of 27.6 percent to Qualcomm’s closing price of $54.84 on…