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Broadcom Speeds US Return to Strengthen Qualcomm Bid

Dan Jones
3/12/2018

Broadcom is speeding up its move back to America, aiming for an April 3 return, as it continues its battle to acquire Qualcomm for $117 billion.

Singapore-based Broadcom Corp. (Nasdaq: BRCM), which claims that it is already "in all important respects a U.S. company," had previously been aiming for a May 6 official return to US shores. (See Feds Want Full Investigation Into Broadcom's Qualcomm Bid and 'Dear Congress' – Broadcom Pledges to Make US the 5G Global Leader.)

The company is trying to demonstrate its American bona fides as the Committee on Foreign Investment in the US (CFIUS) undertakes a "national security" review of the proposed acquisition. The committee is concerned that the Broadcom buyout could give the Chinese the edge in developing 5G.

Meanwhile, Intel Corp. (Nasdaq: INTC) is reportedly considering a bid for Broadcom. (See Intel Could Bid for Broadcom – WSJ Report.)

— Dan Jones, Mobile Editor, Light Reading

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rocket101
rocket101
3/13/2018 | 2:14:25 PM
Simply moving HQ to USA from Singapore is enough???
Simply moving to USA from Singapore is NOT enough to demostrate its US roots. Game over.
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