US Security Panel Deals Major Blow to Broadcom's Bid for Qualcomm

The U.S. government on Sunday ordered Qualcomm Inc. to delay its March 6 shareholder meeting, a highly unusual request that will allow time for a national security review of the deal, but that also cast new doubt on Singapore-based Broadcom Ltd's $117-billion bid for its U.S. semiconductor peer. The intervention highlights U.S. concerns about safeguarding semiconductor technology. The Committee on Foreign Investment in the United States (CFIUS), which reviews deals for potential...

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