Southwest engine failure: FAA orders inspections of more jet engines
Weekly Renishaw plc (LON:RSW) Ratings as of April 21, 2018
Syria envoy says United Nations security team visits alleged attack site
Former mayor Rudy Giuliani joins Trump legal team in Russian Federation probe
OPEC's new price hawk Saudi Arabia seeks oil as high as $100
Broadcom To Scrap Qualcomm Bid After Trump Block
17 March 2018, 01:36 | Lionel James
Why Blocking Broadcom's Acquisition of Qualcomm Might Be a Good Thing
Trump's order echoed that concern, saying a takeover by Broadcom "threatens to impair the national security of the United States".
The move by Trump was a rare intervention by a president, but under his administration, multiple deals have been quashed after a review by the panel, the Committee on Foreign Investment in the United States, popularly known as CFIUS.
"Its hard to see a good reason why we should hand over one of our leading computer-chip makers, and thereby give Chinese companies a leg-up in the race to develop 5G and the next generation of technology".
In addition, lawmakers have expressed concerns in the past about foreign companies gaining a foothold in USA telecom infrastructure, which could lead to spying or cybertheft.
A Broadcom-Qualcomm merger would create a new and powerful rival in two areas that Intel is banking on for future revenue growth: smartphone processors and data centers, according to the Journal.
Trump fires Secretary of State Tillerson Iran agreed before Mr Trump took office to curb its nuclear programme in exchange for the easing of economic sanctions. More recently, reports indicated that Tillerson was shocked to hear about Trump's planned meetings with North Korea .
Wednesday's move is a formality since the presidential order issued Monday had ensured the deal would be killed in any U.S. regulatory review. But the White House feels that the risk of America losing clout in 5G technology and similar fields rises to the level of a national security threat.
Broadcom's ambitions sparked US government concerns over which country will dominate the technology, as well as fears over national security.
Trump's decision in this regard comes after Broadcom said last Friday that it will ask its shareholders to approve its plan to redomicile to the US.
Until the Qualcomm bid, its biggest deal had been the $37bn acquisition of California-based Broadcom, where the company, called Avago Technologies at the time, got its current name. Qualcomm had rejected Broadcom's unsolicited offer in February before the government stepped in. The "national security" defense used to deflect the hostile takeover may turn out to be a double-edged sword.
Broadcom indicated in its statement it will move forward with its effort to move its headquarters back to the United States.
These actions signal the Trump administration's aggressive review posture for Chinese (and other) foreign investment into US technology firms under an ever evolving, expanding view about national security.
Trump 2020 Campaign Now Accepting All White House Rejects
McEntee served as a personal aide to Trump during the campaign and continued in that hands-on role after Trump became president. Justin Clark, now the director of intergovernmental affairs for the White House, will lead Trump's Office of Public Liaison.
Bitcoin price tumbles at Google Ads ban
Google , the largest search engine in the world has announced that it will change its financial product policy come June 2018. On 14 March, 2018, bitcoin price was heading south, impacted by an announcement on its new policy on Google ads.
Finland ranks highest on World's Happiest Country Index 2018
The majority of its immigrants come from other European nations but it also has expats from Afghanistan, China, Iraq and Somalia. Finland has captured the title of world's happiest country for 2018, along with world's happiest immigrant population.
A Colorado company has ties to bridge collapse in Miami
The FIGG Bridge Group is building the new Cline Avenue Bridge, which will replace one that was condemned and closed in 2009. If you have any information on the bridge collapse that can help investigators, call police at 305-471-2421 or 305-471-2400.