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Blocked Broadcom deal may stunt Chinese Silicon Valley investment

Reuters  |  SAN FRANCISCO 

By Heather SomervilleSAN FRANCISCO (Reuters) - President Donald Trump's move to block a Singapore-based company's takeover of U.S. rival Qualcomm Inc threatens to stunt crucial Chinese investment in the country's startup capital, according to Silicon Valley venture capitalists and tech executives.The administration's heightened regulatory scrutiny on foreign investments, designed to safeguard U.S. companies, could in fact diminish their ability to compete in the global technology industry."Asian entities have become sources of capital and relationships for U.S. companies," said Jeff ...

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First Published: Thu, March 15 2018. 04:04 IST