Broadcom Drops Bid for Qualcomm After Trump’s Intervention

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Broadcom officially withdrew a $117 billion takeover bid for its rival chipmaker Qualcomm on Wednesday, two days after President Donald Trump issued an extraordinary order to block the acquisition effort on national security grounds.

"Broadcom Drops Bid for Qualcomm After Trump’s Intervention" is from the March 14, 2018 U.S. section of The New York Times. It was written by Michael J. De La Merced, Chad Bray and narrated by Keith Sellon-Wright.

©2017 The New York Times News Service Division of The New York Times Company (P)2017 Audible, Inc.

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