The deal would come just four months after U.S. President Donald Trump blocked Broadcom’s $117 billion hostile bid for semiconductor peer Qualcomm Inc, because it posed a threat to U.S. national security and gave an edge to Chinese companies looking to build next-generation wireless networks. Since then, Broadcom has redomiciled from Singapore to the United States, placing it formally outside the purview of the Committee on Foreign Investment in the United States (CFIUS), the government panel that reviews deals for potential national security risks. Broadcom has toyed with buying non-semiconductor companies before, as with its $5.5 billion acquisition …read more
Source:: Yahoo Finance
