2018.03.13 Trump Blocks Broadcom

March 13, 2018
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President Blocks Biggest Tech Deal

Executive order prohibits Singapore-based Broadcom’s $117B takeover ofA U.S. chipmaker Qualcomm.

President Trump: “credible evidence” deal is a “national security threat.”

WHY THIS IS A BIG DEAL

How Rare Is This?

Only theA 5th timeA in 25 years Prez stopped a foreign takeover of a U.S. firm on national security grounds.

In Sept., Pres. Trump blocked a Chinese co. taking over U.S. based chipmaker Lattice Semiconductor.

In 2016, Pres. Obama blocked another Chinese co. takeover of chipmaker with ties to U.S.

Why They Want Our Tech

  • Global race for any competitive advantage over the next generation of ultrafast wireless networks known as “5G.”
  • Underscores growing fears of cyberwar & espionage from foreign powers.

Need a refresher? Click for last week's scoop.

Acronym to Know: CFIUS
(Pronounced: SIF-ee-us)

  • Stands for:A Committee on Foreign Investment in the US
  • What it really means: Sheriff of Dealtown
  • What it does: Decides whether takeovers of U.S. businesses by foreign companies pose a national security threat
  • CFIUS warnedA onA Broadcom’s takeover last week

by Jenna Lee,

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