Broadcom withdrew its $130bn offer for Qualcomm.

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.