Donald Trump just Saved the U.S. 5G Industry from China

Gordon Chang | John Batchelor Show

[muleskinner]

Donald Trump, in only the 4th time in 70 years, disallowed the merger of Broadcom and QUALCOMM. Broadcom is the 5G leader out of Singapore with ties to Huawei, the giant Chinese electronics conglomerate that's also heavily tied to the PLA. The merger would have resulted in the dismantling of Qualcomm, with Broadcom and Huawei taking any advanced 5G technology and leaving the rest for scraps.

[BuffaloJack]

Donald Trump just pushed past Ronald Reagan as my all time favorite president.

[JoSixChip]

Donald Trump just pushed past Ronald Reagan as my all time favorite president.

Do you have a financial stake in this?

[dadfly]

i never get tired of winning.

but it’s very late. i just hate the losing. i morn every backward step. however, as Jesus says, “It is impossible but that offenses will come: but woe unto him, through whom they come!”

listen to God, Mr. President. listen to God.

[Sasparilla]

...Donald Trump just pushed past Ronald Reagan as my all time favorite president...

And he’s heading into Lincoln territory.
He said he could coast the next 2 1/2 years,but that’s not in his personality.
Just think of the future all the way through 2024 if the good Lord let’s us keep him.

[JaguarXKE]

Donald Trump, in only the 4th time in 70 years, disallowed the merger of Broadcom and QUALCOMM.

According to that first sentence, Donald Trump disallowed the merger of Broadcom and QUALCOMM 3 other times in the past 70 years. I know that's not what the author meant, but that's what it says.

[rmlew]

Not just the American 5G industry. as far as I know, Qualcomm is the only real competitor to PRC-owned Huwei

[Jim W N]

disallowed the merger of Broadcom and QUALCOMM

On what authority did Trump do this?

[upchuck]

SNOWY - Still Not Over Winning Yet.

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[mlo]

"Donald Trump, in only the 4th time in 70 years, disallowed the merger of Broadcom and QUALCOMM."

So...Trump blocked the merger of Qualcomm and Broadcom three other times?

[ConservativeMind]

He is in charge of the FCC and other federal organizations responsible for trade.

[CaliforniaCraftBeer]

from Gordon Chang:
'...President Trump used his authority under The Defense Production Act of 1950, to prevent Broadcom from taking over Qualcom...
this is only the foruth time in the history of the United States that a President has directly ordered a propose acquisition to be scuttled...'

hear John Batchelor's full segment recorded tonight here (11minutes):
http://bit.ly/2DnQ0Zc

[SunkenCiv]

Thanks muleskinner. It was a hostile takeover bid, to boot.

[Fairhairedboy]

I play basketball with the Qualcomm legal team at lunch every weekday at the Qualcomm in San Jose. It's a beautiful outdoor court and I think a lot of other Qualcomm’s have outdoor courts.

The legal team includes the Boss who can rain down 3 pointers from anywhere on the court and looks good even when he misses; a 300 lb flick-of-the-wrist dead-eye shooter who runs the court like a falling boulder; a fast-break specialist who is quick as the wind and can bank it in from every conceivable angle; a young 6'5” red-headed Irishman that doesn't look so good shooting even when he makes it but is a winner that gives a 100% on every play; and Coach, who is a Qualcomm engineer that more often then not leads his team to victory with smart play and good leadership.

Unfortunately it is raining the next couple of days so I can't get the inside info. However, the Boss did reply to a joking comment I made on Friday with something like “apparently the world thinks we control everything.”

[Tammy8]

You just strongly hinted if you got inside information by playing basketball with them you would post here what you heard. I have to say I am stunned. As much as people may want to know certain things- I have to say just for what you just posted if I were in their shoes you would never play basketball with me again.

I had two different jobs that required people in the know to keep things quiet; maybe I have a different perspective on such things. Really though is there no such thing as loyalty any more?

[StolarStorm]

Oh please. Anything actually sensitive wouldn’t be shared with a dude they play basketball with. Give me a break.

[SoCal Pubbie]

They’re building a huge headquarters campus on a old strawberry field in Irvine, CA.

[Cowboy Bob]

Poor Chinese! Now they will have to invent their own technology, rather than buy/steal from someone else.

The only thing the Chinese can do is steal ideas and build something cheaper (through prison labor)

[HKMk23]

Perhaps English is the author’s second language...?

[KavMan]

Watch this video where China expert Gordon Chan talks about the merger

You guys see him alot on FOX News & FOX Business

China warns trade war with US would be ‘disaster’