You are here: Home » Reuters » News
Business Standard

U.S. Senate Democratic leader praises Trump's blocking Broadcom's takeover of Qualcomm

Reuters  |  WASHINGTON 

(Reuters) - Senator Chuck Schumer, the top Democrat in the U.S. Senate, on Tuesday praised Donald's Trump's decision to block chipmaker Ltd's proposed takeover of Inc, calling China's trade practices "rapacious."

on Monday blocked Broadcom's effort to buy on national security grounds, ending what would have been the technology industry's biggest deal ever amid concerns that it would give the upper hand in

"and his administration made the right decision on blocking from taking over Qualcomm," said in a speech on the floor.

"We all know that has been rapacious about trade and very smart. They look for places where they can steal our best technology," added.

(Reporting by Diane Bartz)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, March 13 2018. 20:55 IST