Posted on 03/14/2018 9:35:22 AM PDT by LibertyFound
Trump Administration Preemptively Blocks $177 Billion Qualcomm-Broadcom Deal
The Trump administration has blocked the biggest tech deal in history earlier this week. The proposed deal would see Broadcom acquiring Qualcomm for a whopping $117 billion.
In the unprecedented move by the White House, they expressed concerns about giving China a technological advantage over the United States through this deal and said that blocking the deal was “necessary to protect the national security of the United States.”
For some background, Qualcomm is an industry leader for manufacturing wireless chips for LTE networks. They are an American company that will be at the forefront of producing 5G technology, or the next-gen wireless infrastructure.
Broadcom is made up of two companies, which includes their namesake as well as Singapore-based Avago, which acquired the original Broadcom and took its name in the deal. They also make chips used in wireless networks and they’re looking to relocate to the US.
(Excerpt) Read more at nationaleconomicseditorial.com ...
China makes a move...Trump checkmates it.
Good job!!!
Under Obama we had plenty of these security lapses.
Our debt-based, Federal Reserve printed fiat currency is steadily destroying America.
I’m not used to a President who puts America first.
Not since Ronaldus Magnus.
Now break up Facebook and Google as monopolies. Or regulate them as utilities per the FCC and require equal access for conservatives.
Broadcom is from Singapore. But, maybe all asians look alike to him.
“Now break up Facebook and Google as monopolies.”
And Yahoo!, Twitter, AP, Reuters, big unions, Comcast, Charter, Luxottica...
Excellent! He has guts!
Trump remains alert at the helm....
Going after Facebook and Google is easier due to Facebook’s massive size and Google’s real monopoly of online advertising revenue and search.
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