In a major shake-up, US President Donald Trump has blocked the microchip maker Broadcom's proposal to takeover Qualcomm over security issues.
Additionally, the presidential order also disqualifies all of Broadcom's proposed directors for Qualcomm.
The order said "there is credible proof that leads to believe that if Broadcom Limited, an anonymous society under Singapore law, holds control over Qualcomm Incorporated it could introduce measures that threaten to harm U.S. national security".
And not everyone thinks the U.S. national security concerns over the deal are justified.
If Broadcom successfully relocates to the USA, it would escape the jurisdiction of CFIUS, but for the time being Trump's order has put a hard stop on the company's ambition to acquire Qualcomm in any case.
The rival chip giants were told to notify CFIUS in writing that all aspects of the order had been followed.
Broadcom's acquisition prospects likely start with Xilinx, "which appears well-aligned", B. Riley FBR analyst Craig Ellis said in a report.
GOP House committee finds no collusion with Russians
It is expected that Democrats may make " extensive changes " to the Republican-drafted report and likely issue their own version. Democrats erupted in anger after they were blindsided by the summary Republican officials released Monday.
In the light of a Bloomberg report that painted Broadcom as the likely victor of all six board seats it was seeking, Qualcomm was more than happy to reschedule its shareholder meeting to April 5. But the CEO of Broadcom is known for its persistence and improved its offer in the following months, trying to win over investors.
Concern over China's potential influence, and rising USA protectionist sentiment, hung over the Singaporean firm's hostile takeover bid. Bloomberg argues that Trump was concerned that a Broadcom takeover of Qualcomm would have allowed the Singapore-based company to weaken Qualcomm and therefore strengthen Huawei.
Earlier in the week, Qualcomm's request to the US Committee on Foreign Investment (USCFI) for a review of the bid was accepted just a couple of days before the fateful shareholder meeting, where the fate of Qualcomm was to be decided. While the United States remains dominant in the standards-setting space now, China would likely compete robustly to fill any void left by Qualcomm as a result of this hostile takeover.
Huawei is also Qualcomm's main rival when it comes to developing technology for the emerging 5G standard. Broadcom has previously competed against Qualcomm in multiple markets and some Broadcom customers, like Western Digital, didn't want to see the company merge with Qualcomm based on how badly Broadcom treated its own partners.
China aims to lead the world in 5G - a next-generation standard that will enable richer and faster video and open a whole new playground for mobile apps. Broadcom is in the process of reincorporating in San Jose, Calif.
Moorhead likened the idea of merging the companies to mixing oil and water.
Hunter said it could reflect "an evolution in the thinking" of the committee, perhaps an indication that it's going to approach transactions in which foreign people or entities seek to own 5G wireless technology with the same sensitivity and rigor that the feds now "apply to military equipment traditionally".
"There will be drones and robots". Nearly every major business and consumer electronics manufacturer uses Qualcomm's technology as brains for their devices.
After two more explosions on Monday , House's death was reclassified as a homicide and added to the broader investigation. Whether the victims were targeted: "The evidence makes us believe these incidents are related ", the police chief said.
The Tigers were upset in the first round of the SEC Tournament this week, and looked lost offensively. The Seminoles' only lost one game to a team ranked outside the Top 100 in terms of RPI (Wake Forest).
To that end, Green Bay's front office is placing a priority on upgrading Aaron Rodgers' weapons in the aerial attack. But to no surprise, his future was in doubt, as he continues to get older and his production has decreased.
Particularly, with the injuries to Love and Thompson, the Cavaliers are limited on the front line on both ends of the floor. But more than the impressive win fans are going to remember something NOT so impressive. "There's not much you can do".
As per the schedule, if needed be, polling will be held on 23 March while all processes of election will be completed by 26 March. Later, celebrations broke out at the party office as party activists made a beeline to congratulate the Rajya Sabha candidates.
Usually when we hear a voice like that, the singer is much older than 17 and has a lot more experience under their belt. Twenty-one-year-old Brandon Diaz from Ashburn, Virginia talks about he is auditioning for his dad.
In Beijing, Mr Xi told Mr Chung that the Korean peninsula faces an opportunity for talks to ease the situation. That's beyond the North's promise not to resume nuclear testing and missile flights or publicly criticize U.S.
For Echo , players will be able to play multiple of the same card if they have the Echo keyword, and the mana too. This will allow us to use a card that's already been played, no matter how many times it's been used before.
The cause of the firing was an unspecified security issue, said a third White House official with knowledge of the situation. A since-fired State Department employee said this morning that Tillerson found out he was sacked when he saw Trump's tweet.
According to NFL .com, the Chiefs plan to sign Hitchens, formerly of the Dallas Cowboys, to a deal worth $9 million per season. He was traded to the Rams in August after playing 37 games for the Bills .
Metropolitan Opera (MET) musical director James Levine is shown in Japan in this 2001 photo provided by the MET April 14, 2016. Levine started conducting from a chair in late 2001 and tremors in his left arm and leg became noticeable a few years later.
Spotify enters South African market
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Galaxy S9+ is very hard to fix , teardown report
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Google Android Wear to become Wear OS later this year
Not so long ago, Google rebranded its Android Pay service to Google Pay in an attempt to homogenize its mobile payment solutions. Google has not confirmed the name change, and therefore has not provided an explanation for the speculated move.
Harvick makes it 3 straight
DiBenedetto posted along with a video. "We've been doing whatever we do - just go to the racetrack and do the best that we can". Harvick felt unfairly maligned by the penalty that all but stripped him of his victory at Las Vegas Motor Speedway last week .
Ohio State headed to the "Big Dance" as a 5-seed
It'll be the first time Tech will make back-to-back appearances in the NCAA tournament since the 1985 and '86 seasons. On the season, Ohio State basketball averages 75.8 points, 36.6 rebounds and 14.8 assists per game.
Trump to inspect Mexico border wall prototypes
Dianne Feinstein's comment that a federal lawsuit against the state is an attempt to score points with Trump's base. The visit comes amid growing tensions between the administration and state over immigration enforcement.
49 dead from plane that crashed while landing in Nepal
Those on board include 12 Nepali tour agents who were returning after an annual sales conference in Bangladesh, an official said. A spokesman for the Dhaka-based U.S. -Bangla Airlines said 71 people, including four crew members, were on board the aircraft.
Watch Taylor Swift in 'Delicate' Video
Like a breath of fresh air, she unleashes her true personality that she fakes on the spotlight and even goes barefoot. They've surmised that it's a reference to Taylor's boyfriend, Joe Alwyn , as well as the title of the song.
China approves president for life
Xi led members of the Communist Party's seven-member, all-powerful Politburo Standing Committee in casting votes. It will be similar to what happened with Mao's Cultural Revolution, which was put in place from 1966 to 1976.
Announcing Call of Duty: Black Ops 4!
Call of Duty Black Ops 4 is set to be launched in 2018, it was announced by Activision and Treyarch this week. Activision hasn't revealed a lot of details about Call of Duty: Black Ops 4 at this point in time.