Treasury Dept. Calls Broadcom-Qualcomm Deal A Security Risk

The U.S. Treasury Department has reportedly sent a letter to Broadcom LTD, highlighting concerns following an investigation into its attempted buyout of Qualcomm Inc. More specifically, the letter claims that the current results of the investigation – conducted by the Committee on Foreign Investment in the United States (CFIUS) – confirm that the buyout is a risk to national security. The concern stems from the fact that Broadcom, despite being co-headquartered in San Jose, is technically incorporated in Singapore. So any aggressive takeover of a U.S.-based business by the tech giant would effectively equate to the takeover of a U.S. business by a foreign organization. Broadco… |

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