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White House Blocks Takeover of Qualcomm by Broadcom

The White House has blocked a takeover bid of Qualcomm by Broadcom for national security reasons, it was announced on March 12, 2018. Shown is President Donald J. Trump hugging Broadcom CEO Hock Tan after he announced the repatriation of his company to the United States in the Oval Office of the White House, in Washington, DC, on November 2, 2017. Trump at the time said it was a job creator move. At left is Rep. Kevin McCarthy, R-CA. File Photo by Martin Simon/UPI

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