ALSO READBroadcom's proposed Qualcomm bid blocked on security grounds U.S. Senate Democratic leader praises Trump's blocking Broadcom's takeover of Qualcomm Trump blocks Broadcom's USD 117 billion bid to buy Qualcomm Singapore-based Broadcom to redomicile to U.S. by April 3 Intel planning to bid for Broadcom: Report
(Reuters) - Singapore-based Broadcom Ltd on Wednesday withdrew its $117 billion bid to acquire Qualcomm Inc, two days after U.S. President Donald Trump blocked the attempt, citing national security concerns.
Broadcom, however, expects to continue with its plan to redomicile to the United States.
(Reporting by Supantha Mukherjee in Bengaluru; Editing by Arun Koyyur)
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