I am not a Trump supporter. But I fully support this move. We are way too late in doing what's necessary to protect our key tech. Industrial assets Better late than never.
6
Not a Trump fan at all, but like this move
10
What a joke! Anyone who thinks Trump's action is based on real national security concerns doesn't know Trump. He's blocking the deal because Singapore is an Asian country. If Qualcomm was being targeted by a country filled with white protestants instead of yellow Buddhists its acquisition would hardly cause a ripple.
2
A Chinese or Singaporean can buy anything in America, but in China and Singapore Americans are blocked from buy anything bigger than a dolls handkerchief
5
If the idea is to protect America, then we can not give other countries to infiltrate every communication device in our nation. If they put their hearts in our body, then all our information will flow directly to China. However, I think the damage is already done. Look at your computer, tv, microwave, etc. They are all Chinese or Japanese. And they all have monitoring devices.
1
In this article Kang and Rappeport got it wrong when they said: “Mr. Trump’s decision to prohibit the blockbuster deal underscored the lengths that he is willing to go to shelter American companies from foreign competition.”
The reason this deal was blocked is to prevent foreign entities from introducing back doors and viral implants into American communication chips…made by QualComm.
According to Markoff (27 OCT 2009): “That shortfall is viewed with concern by current and former United States military and intelligence agency executives who argue that the menace of so-called Trojan horses hidden in equipment circuitry is among the most severe threats the nation faces in the event of a war in which communications and weaponry rely on computer technology.”
Cite:
Markoff, John. Old Trick Threatens the Newest Weapons. NY Times, 27 OCT 2009.
3
This move must benefit the trump family in some way which the American public will never know.
1
Donald Trump would not know a national security threat if it hit him in the face.
4
Admit it, if this were still Obama this national security action would be applauded. Hyper partisanship really is transparent.
2
Are those tax cuts really big enough to offset the chaos that this failed presidency will inflict on the world economy?
File this under: "A Broken Clock is Right Twice a Day."
1
Isn't it downright unhealthy and against the US American interests that one person can dictate on about any issue imaginable in the USA? Do the American courts of law have any reason to exist or is the White House Judge all you need when a legal - real or surreal - dispute is emerging?
This is truly stunning.
A significant majority of IP networking gear (switches, routers, firewalls) have Broadcom chips running their data planes. If Broadcom represents a national security risk then there should be a restriction on their products being used in out country’s network infrastructure just like there is for Huawei — but that would significantly impact American companies like Cisco Systems, Juniper Networks, Dell, HP, and Arista.
1
And suddenly, Democrats are free market capitalists because they have to oppose Trump on literally everything he does.
Every decision Trump makes isn’t wrong, only about 93% of them.
2
Would this have ANYTHING to do with influencing today's election in Pennsylvania? It would reinforce the protectionist GOP candidate. I am suspicious.
4
A line from Mako's character in the movie 'Rising Sun' comes to mind. It is powerful in it's simplicity: If they don't want Japan to buy it, don't sell it!
One wonders whether Trump would have nixed an offer from a northern European company rather than from a company owned by brown-skinned people (Singapore).
2
So now everything is a 'national security issue' except Russian election meddling.
14
Where is all the alleged Russian meddling evidence? We're waiting.
1
Did he short stock in both companies before the announcement?
2
he could be in big trouble with congress for that ..if he failed to inform them of this before hand without even enough time for their legal insider trading activity ..
5
For that kind of money there must have been big time Chinese capital behind the bid. The President, for once, was right about it being a matter of national security, even though it was more like a batter swinging at a 100 m/h with eyes closed and hitting a home run..
6
Broadcom is a public company traded on the Nasdaq, and its ownership structure is transparent.
You're seeing phantoms where there aren't any. This is a blatantly political move by Trump against a company that has its administrative HQ in California and employs thousands of Americans.
4
Looks like Trump is finally building that wall he promised.
4
How does this comment not get more attention? Brilliant.
1
If shareholders are not allowed to vote on a company sale or merger, isn't that a virtual government takeover of private sector business?
Sounds like a banana republic action, or at the very least suffocating government regulation, which the GOP seems to be dead set against.
Further, doesn't Broadcom already have a significant investment in the U.S.? How could any protectionist begin to separate American business from foreign in this complex global economy? Or do we just pretend its 1955?
10
Broadcom is China. Qualcomm is one of the most advanced tech companies in the world holding important patents and rights to the most advanced technologies.
2
Great. Now break up the top 3 airlines, break up the big 4 banks, split up Comcast, Disney and big media and in general apply and enforce antitrust laws.
10
Meanwhile, back here in the world of fact-based-reality, the president does nothing to stop Russia, a real national security threat, from further disrupting our voting systems and democracy right here in the USA.
2
I don't usually agree with or trust anything Trump says or does but, credit where credit is due, he got this one right. I'm sure this benefits him personally somehow but still, this is the right call.
6
This is one of the few Protectionist measure of Trump that appears to be based on national security interests because China does have a vested interest in dominating the high technology industry and could if given an opportunity pose a significant threat to America's internet, smart phone, and other communication systems of this Country. But getting out of global agreements and allowing China to remain an major contributor to such organizations and promoting our Country's isolationist tendencies isn't going to help matters either.
7
Singapore is a corrupt crony capitalist corporate plutocrat oligarch disguised as a city state. About 75 percent of Singapore's 5.6 million citizens are ethnic Chinese. China has enormous influence in Singapore. Just short of Hong Kong and Macau.
It would be nice to see Donald Trump's personal and family income tax returns and business records in order to determine what, if any, impact this decision has on his profitable business interests or those of his family members including Jared Kushner.
14
Even though multinational Broadcom, currently based in Singapore, offered to redomicile its corporate HQ to the US--which would be a significant win--this was viewed as a detrimental deal? I am unsurprised by Trump, but still saddened when deals like this that clearly benefit US industry are negated by his administration.
3
trump has a personality disorder, characterized by no compassion, no empathy, no remorse and an uncontrolable obsession to control, an end which justifies any means.
The “tarrifffs” were as much about international trade as about domestic control—If you want to trade with US you need trump’s approval, and US citizens were told that if you do not support trump he will use tarriffs to control conusmer prices and punish you for it.
The Qualcomm Broadcom action is trump , who in his dreams could never be equal to a CEO has informed US executives he will tell them what they can and cannot do. The trump goal is to do to the US what putin did to Russia and these were also putin’s strategies.
To the trump end of taking control, that most of his critics have ethics, morals and professional standards, which trump identifies as weaknesses to be exploited. His end is taking control by any means while for the trump critics the end of removing trump does not mean any means are acceptable. That the end justifies the means is an act of declaring war to become president for life.
As to trump’s “health”, trump has normal congitive abilities, i.e. trump knows he is lying and making vile baseless and cruel criminal accusations about others. We also learned trump has no stress, i.e. he no conscience, no empath , no remorse and no compassion, as any normal person who said one of these things would express remorse, as did Sen.Hatch last week.
5
Bravo!
Also - Trump cannot read, probably has no ability to process what he sees other than female bodies. He was taught carefully by his evil father Fred that hurting and debasing and degrading others will make him strong. He is a despicable example of a human being. I will not call him an animal as that is an insult to my cat.
2
He's a sociopath.
2
And the 7500 or so current Broadcom employees in the US, will ICE deport them, too? National Security risks? Or will Broadcom relocate the jobs outside the USA? But not to worry, we'll replace lost tech jobs with more opportunities in steel-working and coal mining.
10
No tariffs imposed on any overseas manufacturing faciities owned by Trump, despite their human rights violations and copywrite infringement policies. Hey, Trump fans, want a job over in China working for Trump? I guarantee you won't like the hours you'll have to work to fill a quota in order to get paid. IT would certainly give you something to whine about.
8
I'm sure Trump is just doing this out of nationalism, and a subconscious desire not to let anything be fatter than he is. I'm sorry, bigger than he is.
But I'm all for preventing monopolies and keeping corporations smaller and more manageable, so I'm actually in support of this move of Trump's, even though he has no idea why he did it or what it will do.
10
This might not be a bad mood. There is too much foreign investment in our country. As far as a security threat, I don't know about that.
3
Arrgghhh! I can't believe it.
I agree with him on this. He's right.
Good timing politically, too, as he visits San Diego today. It will save thousands of jobs in the city and county.
11
Qualcomm has a business model that Wall Street hates.
They use their huge revenue and profits from their licence and patents to fund their R&D that generates more patents in a few years. We are talking real hard core technology, not apple's rounded edge stuff. The Hedge fund crowd can't handle waiting for a few years for a wireless standard that will tie the world together.
Broadcomm has a model that wall street likes much more. Lower R&D costs, and that may be the rub - US would loose that edge.
3
I question if this is more of a protective move than a national security concern. I'd be interested in how exactly the sale would affect US national security.
1
As a frequent reader of the news, I admit I don't have the knowledge to know if this decision is a good for our country. President Trump I am confident is just a well versed in the pros and cons of this issue as I am.
9
Trump will continue to reveal his true essence as his presidency rolls on and this thoughtlessness is part of it.
I really do appreciate Trump’s sense of loyalty to his base but...
Relax. All these campaign-style actions will go away by the end of the week no matter who wins in Pennsylvania today.
3
Interesting to see what decisions other countries will take, for their own "national security", in regarding to US companies now!
2
I agree with this move but I think he will renege on it soon. I also agree on the concept of tariffs but they should be on Chinese steel only.
2
Tariffs should be imposed on good made in China where there are human rights violations and unfair labor practices - like the Trump family businesses, for example.
9
We only get two percent of our steel from China.
1
We already impose anti-dumping duties on Chinese steel, so the tariffs won't make a difference for them. That's why it's silly.
Hats off to Trump! Keeping American-owned companies from being taken over by companies in other countries is not a such bad idea.
8
Agreed, but it goes against the rules that the world-wide .1% established. These are creeps who hold greed as a much higher value than loyalty and patriotism.
This is a smart move. All our telecom and telecom semi companies are crucial for our security and no foreign company should be allowed to acquire them. It's bad enough Qualcomm already has strong connections to a foreign country. We should also refrain from purchasing sensitive communication equipment from foreign nations as no doubt they would put in backdoors and spy on us.
24
Our government did the right thing. this is not an 'unusual' move.
2
Fairly certain, with the sole exception of the potato variety, DT doesn't understand a single thing about chips.
12
So what's in it for him? I mean, that's really the only reason this, if he benefits somehow...
19
Steven Mnuchin, the Treasury Secretary, said in a statement that the decision was part of the administration’s “commitment to take all actions necessary to protect the national security of the United States.”
In light of what we are finding out about the Trump's campaign's involvement with Russia, Mnuchin's statement is ludicrous.
34
What have we found out? Not a fan of Mr. Trump, but nothing as of now.
7
I guess we can conclude that Singapore refused to loan Jared money.
53
So THIS is a threat to national security Trump will do something about.
Of course, he can't do anything about Russia's cyberattacks because, among other things, it's not in his best interest to silence one of his propaganda arms.
When Trump lies and calls reality fake news he does it in conjunction with and supported by Putin's men in Moscow.
Trump colludes with Russia daily.
28
And Obama did what about Russian meddling in our election process? Oh, that's right. Nothing.
4
Not one mention of the concern of ceding leadership in the development of 5G technology to Broadcom and the Chinese. This denial has very little to do with ‘protectionism’ and everything to do with national security.
6
The president is by far the biggest threat to national security in his "working" with and giving secrets to Moscow. Maybe he should arrest himself!
14
Thank you Mr. President! We needed someone who thinks about the USA first. Finally a president with common sense.
12
You might want to tell that one to the Trump family's employees who are working in China. They could use a good laugh while they struggle to complete a "quota" that keeps them working to get paid for a day's wage until the early morning hours of the following day.
2
Elle - really? You think Donald J. Trump exhibits "common sense". Really?
3
Are you joking? He thinks about trump first, second, to last. The USA is only a diversion. He thinks about Moscow before the US!
4
It is safe to assume Qualcomm is working on more than 5g technology. I am not a supporter of Trump, but I do know that you need high level security clearance for many of the jobs at Qualcomm.
26
Stopping a buyer from buying what he wants from a seller. How anti-capitalist.
4
Stopping a foreign company whose country doesn’t believe in capitalism. Try to become familiar with the actual issue.
2
That never stopped Trump and his "children" (no they are not chilren, but some of their overseas employees actually ARE children) from having manufacturing facilities in China, John.
1
Have you seen China lately? Their economy is capitalist where it counts
My bet trump X this deal because of trump, not because it wasn't in the best interest of the USA!
2
While I am not a fan of President Trump, I think he is right about blocking this purchase.
37
Finally, something good.
7
I despise Trump, but since my stock is soaring this morning because of his blocking of Broadcom, I kinda like him a little bit. But I must say that I like despising him better and Trump will accommodate me by the time he gets to California.
7
You must be invested in Broadcom because Qualcomm has tanked.
I find Qualcomm tanking to be one of those stock market mysteries, but, lo and behold, I am holding by my fingernails onto Intel.
Very little of what Trump has done that I agree with, if anything, but on this one you have to back him. We don not know who controls Broadcom, and there are certain industries where we do need to protect from foreign ownership.
20
But we do know who controls Trump, don't we?
3
Why is it disappointing when President Donald Trump actually does what a US president is supposed to do? That man can be very annoying sometimes.
6
I am surprised that trump picked on Singapore! Isn't that one of his vaunted "death to Drug dealers" entities?
"Singapore" is merely a front for China. Let's not be naive.
5
not true; Singapore is it's own highly successful oligarchy.
5
Oh how little you know about Singapore... I lived there for 12 years, you're way off the mark here.
This, he got right!
12
It's time to stop foreigners from investing in (Trump) hotel properties of US companies and to stop foreign lenders from providing loans to developers (Kushner) as a national security measure as well.
8
Well, so much for our “Republican” President letting the free markets work, and having the government (meaning him) decide who will be the winners and losers. It’s starting to smell a bit like communism... “eau de Russia”, anyone?
2
Is this the same company that just announced it is building a huge factory in wisconsin that will bankrupt the state? And didn't the prez just visit with the gov. of wisconsin? Perhaps broadcom was about to nix the deal if they bought qcomm. follow the money
3
How does building a factory bankrupt a state? Asking in all seriousness.
5
Another move by trump to position himself as the man who's ring must be kissed in order for anything to happen. He gets to set up some form of cashing in down the road as if he were some pope of the underworld. This also allows him to pretend that he mastery over something he has no ability to comprehend.
2
Finally he did something right.
7
I'm looking at all the electronics I own am I'm having a problem finding something not made in China. But hey, what do I know?
1
Trump's new euphemism (excuse) for executive action: National Security - which should be properly read as "being in the best interest of Trump & Co., Inc.".
3
How refreshing that someone in our government does not want a foreign company to take the lead in emerging technology, giving them the ability to have "back door" access to our computer/communication systems.
8
There is a real threat to our security and it isn't Broadcom!
6
It will be interesting to see who short-sold Qualcomm yesterday just before the announcement.
8
Good move by Mr. Trump.
A "Singapore-based" company is, almost certainly, owned and financed by China.
China, as we all know, seeks to weaken and undermine the United States.
Ergo, the USA cannot afford to give China unfettered access to our technology.
9
By blocking the merger of Broadcom and Qualcomm, President Donald J. Trump is protecting the communications technology from being exploited by China through the back door. Trump has secured national security. I support the President. I support Trump. He triumphs every day. May he continue to triumph triumphantly through 2024 and hopefully beyond! Thank you.
8
Glad to hear a “Southern boy” acknowledge the importance of tech companies and innovation mostly based on the West Coast in what actually makes America great!
2
I am astounded at mostly negative comments by American citizens. Why is it not possible to accept that perhaps deep in our government there are not folks who have knowledge on this situation that surpasses what is known pubically? Have we become so cynical that such a decision by the committee and then by Trump can have no validity. I did not vote for the man but I like the decision just on keeping the assets under future control of our jurisdiction. Who knows what can happen to Singapore in the future.
7
Rest assured, our safety and security, if not our rights, are in the hands of Top Men. They will lead the way!
At the risk of wading into deep and murky waters -- but I will, anyway -- let me say at the outset that there are certainly details of this proposed merger of which none of us are plausibly aware. I will include Trump in that first-person-plural, although I as loathe to share with him even that grammatical familiarity as would be most of us. Trump most likely knows little abou this proposed mergert, as he knows little about anything else. Yet, I am willing to bet he has some under-handed, possibly illegal, and purely personal business-related motive.
On the surface, the idea that Trump would oppose this is intriguing. Singapore is an authoritarian fiefdom run by a single family, which is exactly what Trump has in mind for the United States. Trump worships oligarchs because he thinks he is, or can be, one of them.
So why is Trump taking this position? Is it simply another in his rapid-fire series of distractions? As with so many other matters, journalists and investigators will need to follow the money.
3
He's discovered the shiny new 'national security' toy.
First with the tariffs, now with mergers.
What's next?
2
What was in it for Trump Inc.?
Was it insufficient condo purchases, or insufficient funding for 666 Fifth Avenue that caused the deal to collapse?
Up the ante, the deal goes down.
To a Russian rather than Chinese controlled chip maker.
You know, less of a national security risk.
3
I reluctantly find myself agreeing with Mr. Trump's decision. Controlling 5G technology will be important to our future. The question is will this reduce the risk of having spyware built into the next generation chips that will run our cars, phones, entertainment, and more.
21
It's one thing to allow an international company to buy a building, a golf course or real estate since these assets can't be moved overseas. However, a company can be moved! Although I strongly disapprove of Trump - this was a good, strong decision!
13
As a former Broadcom customer and current Trump skeptic, I support this move to block the acquisition of Qualcomm. When Avago acquired Broadcom (and changed the company name to that of the acquired company) it dismantled much of the former Broadcom's research and support infrastructure. The singular focus became improving quarterly performance by slashing costs. By blocking the acquisition, Cfius is saying Broadcom cannot be trusted to maintain Qualcomm's former dominance and current momentum toward the development of 5G cellular network technology.
19
By blocking the acquisition, Cfius is actually saying that we do not now and will NEVER in a million years trust the Chinese, who engage in every dirty trick, every means of chicanery, to STEAL US secrets.
NO MORE!!!!!
4
I'm glad this deal was stopped but the reason is because The Con Don and his International Mafia Robber Baron/radical religion Good Old Boys' Cabal want the money in a different pot.
It certainly has nothing to do with "competition" or social conscience. He doesn't make deals - he lies, cheats and steals. A knat has more social consciousness than he does.
This has nothing to do with "better for America". He has not concept of it.
22
Broadcom headquarters are in Singapore. What does city-state Singapore have to do with China? Why would the purchase of Qualcomm be considered a potential national security risk?
14
Inscrutable, isn't it?
Yes, this article is short on an explanation of why the merger would threaten security interests. Is it because it is known that some other persons or entities would deliberately slow 5G growth? Is is because the company produces essential communication/computer items that may be compromised in favor of other countries which are real or potential "enemies" of this country?
The writers need to provide more of an explanation for those of us who are not in on the interior workings of this industry, and its importance to our national (and perhaps the world's) security interests. Please expand. Maybe one of the commentators here knows something of this?
1
For a party that believes government should not interfere in business, the GOP sure picked an Inteferer-in-Chief. So now our government picks winners and losers? Singapore, a mercantile island of 5.6 million people in Asia, is hardly a threat to our national security. In fact, we'd do well to adopt its health and education models for our own.
34
Not “never”, just when warranted. I got over always/never when I was about six years old. You can do it !
2
Trump thinks that he, as King, can reverse the progress of the world with a royal proclamation. When it comes to basic principles of economics, our stable genius is an almost unparalleled ignoramus, in the same league (albeit with a different uniform) as Bernie Sanders.
5
No need to wait for the expert analysis, obviously. Experts belong to the opposition anyway.
1
I'm curious why Trump moved to do anything about this. Cfius was likely to block the purchase anyway, according to a Times article of two days ago.
3
Donald Trump presents a greater threat to National Security than this merger.
48
If Trump truly wants to see the biggest threat to the USA all he has to do is look into a mirror, enough said.
54
Most of the comments here talk about the importance of keeping Qualcomm out of Chinese hands. Do most people (and the administration) not realize that Broadcom is based in Singapore and that Singapore is in fact an independent Southeast Asian country allied with the US? The ignorance and xenophobia displayed here is astonishing.
109
Do you realize that Singapore is majority ethnic Chinese and many firms in Singapore have far closer ties to Mainland China than the US? There is significant Chinese influence here in Singapore despite locals' annoyance at that fact. Ignorance, mirror.
8
I think it could be a bit naive to think that just because its in Singapore doesnt mean it can't be bought up later. The point is to keep the company out of international hands, and I'm perfectly fine with that.
6
Agreed that Singapore is another country. But this article is short on an explanation of why the merger would threaten security interests. Is it because it is known that some other persons or entities would deliberately slow 5G growth? Is it because the company produces essential communication/computer items that may be compromised in favor of other countries which are real or potential "enemies" of this country? If so, how?
The background facts and theories are not laid out here. We need more of an explanation for those of us who are not in on the interior workings of this industry, and its importance to our national (and perhaps the world's) security interests. Please expand. Maybe one of the commentators here knows something of this?
2
Trump must have blocked it because there was no direct payoff to his wallet. He knows nothing about the industries or companies involved - he thinks a chip is to be eaten with his daily dose of greasy cheeseburgers.
27
Perhaps, Trump did not know. It must not have been discussed on Fox.
3
Singapore's big mistake is not camping out in Trump's hotel in DC arranging a deal for Trump to build a golf course in Singapore.
41
Why doesn't the president cite national security concerns about the Russian cyber attacks on our electoral voting process? He always talks about border security with the aim of keeping Latinos from crossing the border and immigrants from America's shores but when Russia is mentioned he acts as if Russia is a strong ally and that they share our national security concerns.
75
Broadcom is a Singaporean company. I am not sure what China has got to do with this. From what I read this was a ploy by some board members at Qualcomm to drive up the share value sale by introducing an artificial barrier.
3
Even a stopped clock is right twice a day, so Trump did the right thing here. China is going to try every trick in the book, legal and illegal, to try to get access to American technology. They have already shown a blatant disregard for American intellectual property rights and the US should continue everything it can to safeguard its technological innovation and keep it from falling in Chinese hands. China is also going to use innocent-looking offshore companies as fronts to do this. Xi Jinping's abolition of term limits makes their economics designs even more clear. Let's just hope that American shareholders are equally sensible and don't give in to hostile takeovers from Chinese companies for the sake of greed.
16
The Chinese by all accounts are not notoriously Christian. Big mistake to look through their eyes with our mind. Only success matters to them, not how.
I don't know how this relates to China , because it has nothing to do with China. The company is Singaporean, from the sovereign state of Singapore, which was a colony of Great Britain, that has a legal system & parliamentary system like England, Australia & Canada. It is a "democracy" and also happens to be one of USA's greatest military ally in the Asia Pacific region (that's Indo Pacific region for you Americans - as you are the only ones who call it that) of which incidentally you have military base in Singapore. Perhaps the greatest threat to USA National Security may infact be POTUS!
2
I have worked in IP for over 15 years now and it has come to the point where companies/clients do not even file applications in Asia as it is a waste of money because of the blatant disregard for patent/trademark/copyright rights.
2
5G is a national security issue? Because, what, if the Chinese get that we will have to rely on 4G instead?
Let's just call this what it is: keeping economic power in America. The "national security issue" is that, assuming this purchase went through, a Chinese company would gain significant ground in the highly lucrative mobile technology world (cause), giving them a substantial increase in trade power throughout the world (effect, and the real "national security" issue).
This stinks of economic protectionism. It is not as though the Chinese will suddenly gain access to nuclear secrets. If other secret information was to be released during this purchase, no one is discussing it. If international trade deficits are going to become a "national security issue" under Mr. Trump, we truly need to buckle in for a trade war.
6
Somewhere in this decision is a healthy profit for Trump Enterprises. The man does nothing that does not benefit him personally.
10
Keep China out of our tech industry. It is a good decision by 45th.
6
That deal was unlikely to happen anyway. Sadly the real reason 45 tweeted this is either something he saw on TV or probably just noise and distraction. Possibly he or some of his billionaire buddies shorted Qualcomm for a quick $.
8
I'm very glad to see this deal blocked. We need fewer large scale corporate mergers.
4
This is step in the right direction, however, the technology transfer from the West to China is already complete. It is only about profits now. Chinese joint venture partners syphon off a large proportion of the profits made by their Western partners in China and employ many of the children of the communist kleptocracy. This is what Elon Musk complained about since there are no restrictions for any of these companies to establish fully owned subsidiaries in the US. At least Trump is resisting. In Europe China has been on a shopping spree buying up small highly specialized companies such as the German industrial robot maker KUKA. These German assembly line robots are now assembling Chinese military equipment at breathtaking speeds.
30
Let's face it, the Chinese are going to compete in the world market whether we like it or not. This is capitalism isn't it, or am I missing something here?
As this article makes clear, here:
"But the action against Broadcom was unusual because mergers are rarely killed before a publicly traded company’s shareholders are given the chance to decide on the offer for themselves."
Aren't the company officers and shareholders the ones who decide whether or not a company can be sold.
9
Generally yes, but certain industries are sacrosanct. I mean, do you think the US government would ever allow a foreign takeover of Boeing, ATK, Raytheon, Lockhead, or Intel? Whether it was warranted or not is up for debate, but what this did would expand Qualcomm into the same realm of companies.
The US should invest in its own technology, research and infrastructure or we will be inevitably left behind.
17
First sane, rational decision TD has made. Transfer or access to technology info by US companies to China and Chinese companies should have been prohibited years ago as well as purchase of Chinese components used in US defense hardware.
58
Broadcom isn't a Chinese company.
9
If Trump can issue an executive order stopping this deal, why can't he issue one that limits sales of assault weapons to those 21 and over??
I thought he was the great deal maker.
147
And why was qualcomm for sale in the first place?
13
It's like looking around for houses you want to buy. As long as the shareholders are ok with the deal it goes ahead.
1
They weren't - it was a hostile takeover bid. It's right in the article.
4
It wasn't. The deal was a hostile takeover.
2
Readers of this article should have a look at this related article from the Times: https://www.nytimes.com/2014/03/23/world/asia/nsa-breached-chinese-serve... As described by documents released as part of the Snowdon papers, the NSA broke into Huawei's data center in Shenzhen, and, among other things, captured email from Huawei's CEO. I'd say it's China that should be concerned about security threats from the US. Trump's action in blocking the Broadcom bid has nothing to do with national security, it's protectionism, pure and simple. The article I reference above has a great deal of interesting information, and I really encourage NYT readers to have a look.
28
Exactly, ShenBowen. The "cyber" (ugh)-security problem is strictly of our government's own making; they "broke Hearts", if you will.
This block was the right move, for the wrong reason. The "national security" rationale is a non-sequitur, and any "intellectual property" grievance is best resolved by simply assuming Chinese e.g. copyright, trademarks, and patents as public domain, just as they seem to assume of ours.
It was the right move, though, because the various chip businesses are far too consolidated, as anyone who seeks a computer CPU or GPU can attest. They don't compete, like many of our (non) free (non) markets. If anything, we should start busting some trusts once we unleash the Sane-ami and vote in a president.
3
You mean potectionism like China restricting Google, Apple, prohibiting Facebook, WhatsApp etc.? This in order to allow their local firms to grow and dominate? I think this step by Trump makes very much sense from a political point of view and is well in our national interest. I don't usually agree with him at all, but this here is an exception.
That you Chinese are unhappy about this is understandable. You are either bots or triggered/pressured by your dictatorial government. It seems they are having a very easy time with making sure y'all are falling in line. I guess it's in your Confucian culture. Enjoy!
5
The only advances China has been making is by stealing Tech from advanced countries like the US.
China is now a 1 party 1 dictator kleptocracy intent on stealing everything it can get its hands on.
4
This is good news. The government did its job here. If Wall Street were allowed to have its way, the design and manufacture of all of our technology and weapons systems would be sold off to China for a quick profit.
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Was it I. Lenin who said that the capitalists will sell the rope to be used by the revolutionaries to hang them?
5
It's not a matter of ''national security'', but a matter of picking and choosing winner and losers for companies. ( not necessarily American )
If there is no graft that can be accomplished for this President and his family ( or republican backed companies ) , then more than likely any deal will be nixed.
43
What would say if Obama had made this same move.
5
As I replied above, Broadcom's history of acquisitions shows they cannot be trusted to maintain Qualcomm's former dominance and current momentum toward the development of 5G cellular network technology.
2
Oh really? Why shouldn’t an American President put his thumb on the scales to help American businesses over non-American businesses?
2
Keep China out of our companies, and out of our housing market, where they have played a very nonconstructive role.
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