Although Broadcom is based in Singapore, China loomed large over the USA government's fears about a foreign takeover of chipmaker Qualcomm.
Kevin Cassidy, an industry analyst with Stifel Nicolaus, said Qualcomm is well ahead of foreign and domestic competitors in 5G technology, giving that as a leading reason for the executive action from the White House.
The deal would have been the biggest technology sector takeover on record.
The Committee on Foreign Investment in the United States (CFIUS), which raised concerns about the Qualcomm deal with Trump, listed the highly leveraged nature of Broadcom's bid for its larger rival as a major concern coupled with the risk of the USA losing mobile technology leadership.
Sources added that Broadcom will continue with its plan to relocate to the US.
In a letter on March 5, CFIUS said that it was investigating whether Broadcom would starve Qualcomm of research dollars that would allow it to compete and also cited the risk of Broadcom's relationship with "third party foreign entities". But unlike with its steel tariffs, the Administration's national-security concerns in this case are legitimate. That could leave the USA hobbled in the race to develop next generation, 5G wireless technology, according to people familiar with the matter.
This is the fifth time a U.S. president has blocked a deal based on CFIUS objections and the second deal Mr Trump has stopped since assuming office. Others have said Trump's decision was more about competitiveness than security concerns.
The move had little precedent.
The CFIUS panel itself had also initially been divided over whether it had the right to commence its review before the deal was signed, with representatives from the Departments of Justice, Homeland Security, Defense and Energy urging CFIUS to begin its review of the deal before Qualcomm shareholders went to vote on the slate of directors that included Broadcom's nominees, according to people familiar with the matter.
Trump issued an order barring the proposed mega-acquisition, saying there is credible evidence such a deal "threatens to impair the national security of the United States", according to a White House statement. Tan "a great, great executive" and said Broadcom was "one of the really great, great companies".
Broadcom shares rose 3.6% Monday to $262.84, and Qualcomm fell 0.35% to $62.81.
Two analysts said Xilinx and Mellanox would be a good fit for Broadcom, though not as transformational as Qualcomm.
The story clearly follows Newt Scamander and his entertaining and easily startled pal along another adventure, this time in Paris. These movies are set before the time of Potter and therefore should be held on a completely different scale and not compared.
According to researchers, around 7% of Scott Kelly's genes have shown long-lasting changes when compared to his brother's. Most of Scott's genes did indeed return to normal after a brief time back here on Earth, but not all of them.
In other words, doctors thought, there was nothing apparent that would have suggested a clear reason for his symptoms. The emergence of air in a brain cranium following a major surgery is also commonly attributed to this condition.
Meanwhile, TV reports said the SP candidate was leading over BJP by 1,521 votes after the third round of voting concluded. Patel will contest against BJP candidate and fellow OBC leader Kaushlendra Singh Patel, who has also been Varanasi mayor.
Apple did not disclose the financial terms of the deal and declined to comment on details of the transaction. Texture now offers access to over 200 magazine titles for a flat monthly subscription price of $9.99.
Michelle Hurd's character Mary Beth Lacey will be athletic, polished, and a former high school track and field champion. Blindspot alum Michelle Hurd has been cast as fellow co-lead Lacey in the reboot of the iconic 1980s police procedural.
It's unlikely that the 3.2 billion ads pulled in 2017, nor the coming cryptocurrency ban, will have a serious impact on sales. Alphabet Inc's Google said on Wednesday it will ban advertisements for cryptocurrencies and related content starting in June.
The airline has announced on its website on 13 March about its 47 flights being canceled across the domestic network. In the national capital, Prabhu said the planes have been grounded only for passenger safety.
Trump tweeted on Monday that the White House would support gun control measures approved by the NRA but not changing age limits. He has called for raising the minimum age for purchasing an AR-15 or similar-style rifles from 18 to 21 years old.
Lawmakers from both major parties have criticized those cuts and the administration's failure to fill dozens of open jobs there. The most awkward moment came in October 2017 when it was reported that Tillerson called the president "a moron" in a meeting.
That changed today though, as Bigben Interactive, Kylotonn Racing Games, and Maximum Games have announced V-Rally 4. There are five main features for players to experience: Rally , Extreme-Khana, V-Rally Cross, Buggy and Hillclimb .
Why President Trump Fired Rex Tillerson
At one point previous year , Tillerson reportedly called Trump "a moron" after a national security meeting. Later Tuesday, it was announced he would be replaced by State Department spokesperson Heather Nauert.
Raees Actor, Narendra Jha, Passes Away
This was the third attack that he has had over the years. "He had no health issues and last night he was fine". Dear Narendra Jhan, rest in peace! Sanjay Gupta, who directed Jha in Kaabil , tweeted, "I refuse to accept it.
Haryana college teacher shot dead by student
The student reportedly held a grudge against the principal after she scolded him for poor performance in studies. The government college is located in village Pipli of Kharkhoda, Sonipat district where the incident took place.
Honeywell International Inc. (HON), Meritor, Inc. (MTOR)
Also, Director Jaime Chico /Fa Pardo sold 2,868 shares of Honeywell International stock in a transaction on Monday, February 26th. Finally, BlackRock Inc. raised its position in shares of Honeywell International by 2.8% during the second quarter. (NYSE: HON ).
Tim Tebow cut by Mets, sent down to minor league camp
That's really the focus - to continue the process and the journey and keep working", Tebow said to reporters following the game. He hit.056 in Grapefruit League play , with 11 strikeouts in 19 plate appearances.
Araria, Jehanabad and Bhabhua by-election results on Zee News
Gorakhpur bypoll is a battle of prestige for the BJP as the parliamentary seat had been represented by Yogi Adityanath five times. Security across the Gorakhpur and Phulpur constituencies in Uttar Pradesh have been tightened as counting of votes is under way.
Sizzling Stock Alert: Park Hotels & Resorts Inc (PK)
This based on a 1.0-5.0 numeric scale where Rating Scale: 1.00 Strong Buy, 2.00 Buy, 3.00 Hold, 4.00 Sell, 5.00 Strong Sell. Host Hotels and Resorts (NYSE: HST ) last released its quarterly earnings data on Wednesday, February 21st. (NYSE: HST ).
Scientist Stephen Hawking dead at age 76
A Brief History of Time - published in 1988 - made him a household name, explaining complex scientific theories to the masses. Hawking's other major scientific contribution was to cosmology, the study of the universe's origin and evolution.
Westbrook scores 100th triple-double to join list of NBA legends
There isn't much left to say about Westbrook, who obliterated the Hawks' defensive efforts with his energy and offensive dynamism. Russell Westbrook became the second player in National Basketball Association history to average a triple-double last season.
Kentucky teachers rally in Frankfort
Chris Fugate of Chavies, asked how anyone could "even think about suing the state or anybody else for taking up for life". The pension reform bill would cut some annual cost of living increases on teacher pensions, but save taxpayers millions.
Are Trump's tariffs legal?
President Donald Trump's talk of metal tariffs could put his administration at odds with the World Trade Organization. Right now it is unlikely that the Republican-led Congress can muster up enough votes to block Mr Trump.