"The proposed takeover of Qualcomm by the Purchaser is prohibited", the president said in his order, "and any substantially equivalent merger, acquisition, or takeover, whether effected directly or indirectly, is also prohibited". The order came a week after the Committee on Foreign Investment in the United States, or CFIUS, expressed concern that the takeover of Qualcomm by Singapore-based Broadcom could leave the United States behind when it comes to mobile technology.
President Trump announced his decision shortly after meeting with both Hook Tan, CEO of Broadcom, and officials from the Committee on Foreign Investment in the United States (CFIUS).
"Any transaction or other device entered into or employed for the goal of, or with the effect of, avoiding or circumventing this order is prohibited", Trump wrote in the order.
Broadcom said it was reviewing Mr. Trump's order and disputed the notion that the bid posed a security threat.
A deal between Qualcomm and Broadcom could have given Huawei the chance to take over the top spot eventually.
"Countries around the world have been racing to develop technology for the new generation of wireless called 5G", she explains.
According to CFIUS, Broadcom had also not given any notice before relocating to the United States, as was required by an order stating a requirement of 5 days notice. Since it was reprimanded in early 2015 by the local authorities over its licensing practices, Qualcomm has put in place a series of technology and licensing deals with a string of China's leading device makers. The first is Intel Corp, the American computing giant who considered buying Broadcom themselves in order to prevent the threatening merger of the two rival manufacturers. "What is unusual is blocking the sale on national security grounds for a non-defense-related company". "Having a well-known and trusted company hold the dominant role that Qualcomm does in the US telecommunications infrastructure provides significant confidence in the integrity of such infrastructure as it relates to national security".
The executive order also includes instructions for Qualcomm to accelerate its elections for its board of directors.
China is said to be the main reason behind Trumps decision, USA daily The New York Times said. "These ties were most recently reflected in the agreements Broadcom signed with HBC, Inspur and StarTimes.ï¿½China has a finely honed capability to access the technology of companies such as Broadcom, along with that of their subsidiaries and acquisitions", he said. The merger would have created a very large competitor for the USA chipmaker. "Better to keep it in American hands and protect American national security", Cotton said.
Reliance Jio is providing an instant cashback of Rs. 2,200 for the customers of Redmi 5 along with 100 GB of data. After updating the Redmi Note line-up, Xiaomi is stepping up the game in the more affordable Redmi series.
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James could leave Cleveland as a free agent this summer and the Lakers are tipped to land the 14-time NBA All Star. Considering the Lakers' youth, it's actually a quality that coach Luke Walton appreciates.
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Just recently Huawei has launched another smartphone, Huawei Y9 that is a derivation of Huawei Mate 10 Lite and Honor 9 Lite . The newly launched Huawei Y9 (2018) will be available for purchase for Euro 200, which roughly translates to Rs 16,000 approx.
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In October, NBC news reported that Mr Tillerson called the president a "moron," something he never actually denied. All of the officials demanded anonymity because they weren't authorized to speak publicly.
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Chief Manley said the first two blasts happened at the homes of African-Americans so officials "cannot rule out hate crimes". Police have linked that deadly attack to a March 2 package bombing that killed a 39-year-old man in another neighborhood.
Both players were given one demerit point, with Marsh fined 20 per cent of his match fee and Rabada 15. The International Cricket Council (ICC) rejected Rabada's claim the contact with Smith was accidental.
The same goes for Thomas, Alix and the No. 3 seed Seminoles, who would cross paths with Wilson's Gamecocks in the Sweet 16. Bennett said Oklahoma's strength of schedule, which was second best in the country, was a key to its selection.
Tottenham Hotspur legend Graham Roberts expects Spurs' new stadium to be miles better than West Ham United's London Stadium home. The FA are considering charging West Ham following Saturday's supporter unrest , and are now awaiting the club's observations.
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Spanish media: Neymar wants Barcelona return
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Cardinals To Sign Sam Bradford
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Miami Dolphins will cut Ndamukong Suh
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India's slowing inflation to give RBI room to pause
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2 fertility clinics respond to egg, embryo storage failures
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Christopher Liddell may replace Gary Cohn at the White House
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Australia PM says Trump to grant tariff exemption
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