Broadcom will not buy Qualcomm, and will not become the third largest chipmaker in the world, behind Intel and Samsung. Not because the eye watering price – $117 billion, the largest such high tech transaction ever – is too high. Not because the deal doesn’t make economic sense. It’s because U.S. president Donald Trump says it will harm U.S. national security.
Using his authority to define what national security needs are and squash transactions that threaten them, Trump categorically blocked Broadcom’s Singapore-based corporate parent and its Californian affiliate from buying San Diego-based Qualcomm.… More