In order to acquire Qualcomm, Broadcom is really heartbroken. Not only does it still want to acquire Broadcom under the interference of various obstacles, but it is even expected to move across the Pacific to acquire Broadcom!
Qualcomm is an American company, while Broadcom is headquartered in Singapore. This cross-border acquisition is bound to affect exchanges between countries. Recently, Broadcom officially announced that the relocation plan of its headquarters has entered the final stage. It is expected that the registration will be completed on April 3, and the move can begin.
But now the White House has said: The White House prohibits Broadcom from acquiring Qualcomm! This is a fatal blow for Broadcom! At most, the CFIUS had intervened, and the Qualcomm shareholders' meeting was postponed. Now the White House has directly interfered in the Qualcomm acquisition case!
According to the information given by Qualcomm officials, Qualcomm has received a directive from the President of the United States recently, and immediately and permanently abandoned the agreement from Broadcom to acquire Qualcomm! According to the President's order, all the directors of Broadcom are disqualified from serving as members of the board of directors of Qualcomm!
Interestingly, in fact, Broadcom was originally an American company, headquartered in Irvine, California, USA. In 2016, Broadcom was acquired by Avago. However, the name of Broadcom was still used later.