Trump blocks Qualcomm takeover by Broadcom

Trump blocks Qualcomm takeover by Broadcom
By Euronews
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President Trump says there is credible evidence" that the proposed $140bn (£100bn) takeover "threatens to impair the national security of the US".

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US President Donald Trump has blocked a planned takeover of chipmaker Qualcomm by its Singapore-based rival Broadcom.

His order cited "credible evidence" that the proposed $140bn (£100bn) takeover "threatens to impair the national security of the US".

The deal would have created the world's third-largest maker of microchips, behind Intel and Samsung.

The sector is in a race to develop chips for the latest 5G wireless technology and Qualcomm is considered to be a leader in this field.

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