Trump blocks big­gest tech takeover

Mid Day - - WORLD - A se­nior US of­fi­cial

Don­ald Trump has blocked a planned $117 bil­lion takeover of US-based chip­maker Qual­comm by Sin­ga­pore-based ri­val Broad­com for na­tional se­cu­rity rea­sons, scut­tling what would have been the big­gest tech­nol­ogy deal ever amid con­cerns that it would al­low China to take the lead in the boom­ing mar­ket of pro­duc­ing chips.


Newspapers in English

Newspapers from India

© PressReader. All rights reserved.