Most analysts assume Broadcom will now walk away from Qualcomm, with some flagging San Jose-based Xilinx Inc and Israel's Mellanox Technologies Ltd, both diversified makers of communications chips, as likely next targets.
On Wednesday, the Singapore-based company said in a statement that it has "withdrawn and terminated its offer to acquire Qualcomm", as well as withdrawn the list of six independent director nominees for Qualcomm's 2018 Annual Meeting of Stockholders. Broadcomannounced at the end of a year ago that it was looking forward to relocating its headquarters to the U.S. The inter-agency panel, led by the Treasury Department, scrutinizes deals that could give foreign firms control of USA companies.
Stocks gave up early gains to finish broadly lower, weighed by weakness in the top-weighted technology (-1.2%) and financials (-1.1%) sectors. However, Broadcom had already committed to redomiciling its business to the USA, and confirmed this week that it would do so by April 3.
"Although we are disappointed with this outcome, Broadcom will comply with the Order", the company said in a statement.
The Committee on Foreign Investment in the United States, which reviews the national security implications of foreign investments in US companies, cited concerns about Broadcom's penchant for cutting costs such as research spending. The company is also in talks with Huawei to settle another patent dispute, according to a report last week in The Wall Street Journal.
The US Treasury Department warned in a letter made public in early March that since Broadcom was financing the deal with over $100 billion in debt, it would be under pressure to squeeze more profits out of Qualcomm.
It's final and official: Broadcom will no longer pursue its acquisition of Qualcomm. On Twitter Friday, Bloomberg presenter Jonathan Ferro called the state of affairs a "Russian doll of chip deals". It could just rest easy, or could make a play for either Broadcom or Qualcomm. Consolidation in the mobile chip market could also have significant ramifications for smartphone buyers.
"And a chip industry merger featuring a company now headquartered in Singapore raises concerns about "Chinese influence", a report in LightReading noted today".
While blocking the deal doesn't mean that China won't become a dominant player in 5G anyway, it's one way they can slow that down.
При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна. «» 2007 - 2018 Copyright. Автоматизированное извлечение информации сайта запрещено.
Starting cornerback TJ Carrie and safety Reggie Nelson are both scheduled to become unrestricted free agents on Wednesday. Smith, 30, has 426 tackles, 98 passes defended and 14 interceptions through nine National Football League seasons.
It feels like a mass appeal smartwatch adding NFC payments would help spur adoption, but apparently that's not how Fitbit sees it. The Fitbit Versa (short for "Versatile") comes with almost all the features its bigger sibling, Ionic has but costs only $199.
Among the Williams sisters , the one who had won the first set, was the one who had won 24 out of the 28 matches between them. Suarez Navarro. "I can't really replicate the situation no matter how much I do in practice".
Miami Beach Police posted the video on their Twitter feed in hopes of gathering more information from witnesses. Jones told CBS News in Miami a marketing person had come up with the promotion and had been let go.
He was the hero in their Super Bowl win over the Seahawks, but he became a huge storyline after being benched in the Super Bowl . General manager Jon Robinson got his start in the National Football League as a scout with the Patriots.
On Christmas Eve, he became the fastest quarterback in National Football League history to reach 70,000 career passing yards. Brees started his career with the San Diego Chargers but it is with the Saints that he made his mark.
Clarifying its position, Pratt & Whitney in a statement said, "We are working closely with our customers to minimise disruption". However, said the airline, all affected passengers have been accommodated on alternative flights.
The Senate Intelligence Committee is preparing to put out recommendations and hold a hearing on election security this month. Despite a promise of dirt on Clinton ahead of the meeting, there's no evidence that such material was exchanged, he said.
Craig Mack, Rapper From Diddy's Label, Dies at 46
Hip-hop pioneer and Long Island native Craig Mack , best known for the platinum 1994 hit " Flava in Ya Ear ", has died in SC . Mo Bee produced a number of hits for Bad Boy on those first two albums, as well as two songs for 2Pac's Me Against the World .
Unemployment rate in Albania shrinks
The Department of Employment and Workforce said in a news release Monday that the unemployment rate last month was 4.3 percent. New York State's private sector job count increased by 91,600 as of January, compared to a year ago, to 8,119,500.
Trump backs off call for raising minimum age to buy gun
Seemingly on the defensive after his about-face, Trump tweeted Monday of the age limit that "States are making this decision". DeVos has been a source of contention because of her stance on privatizing schools over of supporting public education.