m3n4.net December 15, 2018

Trump blocks Broadcom's attempt to buy Qualcomm

14 March 2018, 12:07 | Vera Richards

Trump blocks Broadcom's attempt to buy Qualcomm

Trump blocks Broadcom's attempt to buy Qualcomm

Treasury Secretary Steven Mnuchin, in his capacity as the chair of the CFIUS, said Trumps decision was consistent with the administrations commitment to take all actions necessary to protect the national security of the US.

Qualcomm is now the third biggest chipmaker in the world after Intel and Samsung, but is considered by many analysts to be the leader in developing 5G chips, followed by Broadcom and Chinese telecoms giant Huawei. Tan argued that combining Broadcom and Qualcomm would further USA interests by advancing the development of the next generation of wireless technology known as 5G, according to a person familiar with the meeting.

On Sunday, CFIUS sent a letter to lawyers at Broadcom and Qualcomm claiming that had repeatedly violated an order to inform the panel five days ahead of any action on its plan to redomicile from Singapore to the US.

Huawei has been forging closer commercial ties with big telecom operators across Europe and Asia, putting it in prime position to lead the global race for 5G networks despite US concerns. It is also to be noted that Broadcom is planning to move its headquarters to the USA, it would be interesting to see what rules will be followed by Broadcom in doing so, and how is Trump administration going to take it.

Woods shoots 1-under 70; rookie leads at 67
He tied for 23rd at Torrey Pines (seven shots out of the lead) and was 12th at the Honda Classic (eight shots behind the winner). Asked about his second shot on the 16th, Woods added: "If I went over that sign in the water and I turned it, I'd be all right".

"Qualcomm Incorporated today received a Presidential Order to immediately and permanently abandon the proposed takeover of Qualcomm by Broadcom Limited", the company said. Nearly every major business and consumer electronics manufacturer uses Qualcomm's technology as brains for their devices. Qualcomm is also compelled to reconvene its 2018 Annual Meeting of Stockholders on the earliest possible date, which based on the required 10-day notice period, is March 23, 2018. Despite this, Intel might still put in an offer to buy its rival chipmaker regardless of the outcome.

Intel of course, are no strangers to Washington offices, and Intel CEO Brian Krzanich served on Trump's Manufacturing Initiative advisory board until August past year.

Over the weekend, I noted that there is always a bigger fish, referring to the possibility that Intel would prevent Broadcom's $117 billion hostile takeover of Qualcomm.

The other manufacturer with a dog in the fight (and a bone to pick with the U.S. government) is of course Huawei. The agency believes that the acquisition would give a foreign entity control of a US business. We saw this recently when the government blocked United States carriers from offering Huawei's flagship phones.

Richest People in the World
Bezos, who also owns The Washington Post newspaper, is the first person to cross the $100 billion mark in assets, Forbes said. Other South Florida billionaires that made the top 10 are: Dirk Ziff of North Palm Beach, with $4.8 billion; and J.

The reaction of the White House is unusually quick and surprising. It would also have been the biggest takeover the technology sector had ever seen.

Most analysts assume Broadcom will now walk away from Qualcomm, with some flagging San Jose-based Xilinx Inc and Israel's Mellanox Technologies Ltd, both diversified makers of communications chips, as likely next targets.

There is still the matter of their dispute with Apple (AAPL) over licensing fees, but, as this Seeking Alpha piece by Mark Hibben points out, a dispassionate view of the agreement makes that look like a standard licensing deal, so an eventual ruling in Qualcomm's favor is the most likely outcome. Their markets combined would have been worth in billions of dollars.

Rakitic would 'open door' for Neymar's return
Reports have suggested Neymar is unsettled at PSG , with Madrid regularly linked to a move for the forward since he left LaLiga. Real Madrid manager Zinedine Zidane has predicted that the €400m (£356) transfer barrier will be broken within the next decade.

Other News

Trending Now

Students organizing nationwide walkout over gun violence
The National School Walkout has been organized by the Women's March Youth EMPOWER group and will take place on March 14 at 10 a.m. and is scheduled to last 17 minutes.

Kate Middleton snapped with fingers the SAME length on Royal visit
The mother-of-two has made a number of public appearances during her pregnancy, despite suffering from Hyperemesis Gravidarum . To celebrate Prince William and Kate Middleton's fourth wedding anniversary here are their relationship in pictures.

Amber Rudd summons investigators for emergency Cobra talks on Salisbury spy attack
Health chiefs have said there is a low risk to the wider public from the nerve agent used against Skripal and his daughter. One theory is that the Skripals were poisoned in his house before visiting a restaurant and a pub and becoming ill.

Putin praises Trump but pans US politics
The former KGB agent promised he hadn't tried to "turn" Melania Trump, "no, I stopped doing that a long time ago". If there is this decision to destroy Russian Federation then we have a legal right to respond'.

Kenyan president, opposition leader call truce
Waxaa ku guuleystay doorashadii ku celiska ahayd ee Kenya ka dhacday bishii October ee sanadkii 2017 Uhuru Kenyatta, taasi oo Mr. The rare meeting of scions of Kenya's founding fathers elicited mixed reactions but there was a common feeling of optimism.

United legend backs Liverpool for Champions League glory
We'll take it step-by-step and tonight it is cool". "The result at Anfield should be a big motivation for us on the domestic front", Casillas said.

NFL Combine: How did the state's players perform on Monday?
On Sunday, Arizona's Dane Cruikshank and Wisconsin's Natrell Jamerson tied for the best showing among the defensive backs. He put up only 14 reps of 225 pounds on the bench press, which is about half of the average at his position.

FDA Approves 1st Home Test for Breast Cancer Genes
The FDA says those three hereditary mutations occur in about two percent of Ashkenazi Jewish women, but rarely in anyone else. It is estimated as well that only 5 to 10 percent of cancer is caused by gene mutations inherited from a parent.

Captain Toad: Treasure Tracker Heads to Switch and 3DS in July
The 3DS version will naturally have 3DS visuals and make use of the bottom touchscreen. For the most part, these versions are the same game as the original.

Palestinians: 19-year-old killed in West Bank clashes
Last Tuesday, the Israeli settlers attacked the Palestinian village of Madama, to the South of Nablus. At least 30 Palestinians and two Israelis have been killed since Trump's December 6 announcement.