Trump Blocks Broadcom's Qualcomm Acquisition

Late Monday, the White House blocked Broadcom's buyout of Qualcomm.

Dan Jones, Mobile Editor

March 12, 2018

1 Min Read
Trump Blocks Broadcom's Qualcomm Acquisition

The White House issued an order late Monday blocking Broadcom from acquiring Qualcomm for $117 billion.

"The proposed takeover of Qualcomm by the Purchaser [Broadcom] is prohibited, and any substantially equivalent merger, acquisition, or takeover, whether effected directly or indirectly, is also prohibited," the White House said in a statement Monday.

The White House imposition shortly follows the annoucement of a CFIUS national security review of the proposed buyout. (See Broadcom Speeds US Return to Strengthen Qualcomm Bid.)

This appears to represent the end of Broadcom's multi-billion dollar bid to buy Qualcomm, which the board of the San Diego-based cellular silicon giant has always resisted.

Meanwhile, Intel is reportedly looking into buying Broadcom. (See Intel Could Bid for Broadcom – WSJ Report.)

— Dan Jones, Mobile Editor, Light Reading

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About the Author(s)

Dan Jones

Mobile Editor

Dan is to hats what Will.I.Am is to ridiculous eyewear. Fedora, trilby, tam-o-shanter -- all have graced the Jones pate during his career as the go-to purveyor of mobile essentials.

But hey, Dan is so much more than 4G maps and state-of-the-art headgear. Before joining the Light Reading team in 2002 he was an award-winning cult hit on Broadway (with four 'Toni' awards, two 'Emma' gongs and a 'Brian' to his name) with his one-man show, "Dan Sings the Show Tunes."

His perfectly crafted blogs, falling under the "Jonestown" banner, have been compared to the works of Chekhov. But only by Dan.

He lives in Brooklyn with cats.

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