President Trump Orders Broadcom to Cease Attempt to Buy Qualcomm
President Donald Trump blocked Broadcom's $117 billion hostile bid for Qualcomm, capping a remarkable series of moves by the Trump administration reflecting officials’ concerns about an intensifying arms race between the US and China over advanced technologies. While Broadcom is a Singapore-based company, the US panel that vets foreign deals said that the bid could have had implications for the US’s broader technological competition with China.