Announced
Financials
Tags
Semiconductors
Majority
Single Bidder
Friendly
mobile devices
semiconductors
manufacturing
design
United States
Cross Border
Failed
Public
Acquisition
Synopsis
Broadcom, a semiconductor device supplier to the wired, wireless, enterprise storage, and industrial end markets, withdrew its $130bn offer for Qualcomm, a semiconductor company, soon after US President Donald Trump blocked the attempt, citing national security concerns. "Although we are disappointed with this outcome, Broadcom will comply with the Order. Broadcom will continue to move forward with its redomiciliation process and will hold its Special Meeting of Stockholders as planned on March 23, 2018. Broadcom's Board of Directors and management team sincerely appreciate the significant support we received from the Qualcomm and Broadcom stockholders throughout this process," Broadcom.
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