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Broadcom promises on security, Qualcomm revamps board

Reuters 

By Arjun Panchadar(Reuters) - Broadcom Ltd has promised not to sell critical national security assets to foreign buyers if its deal to buy chipmaker Qualcomm Inc is approved, another effort by the Singapore-based firm to appease U.S. security concerns.Separately, Qualcomm Inc said it discontinued the role of executive chairman and named a new non-executive chairman as it seeks to curry favour with shareholders ahead of a proxy fight with Broadcom now slated for April 5.Qualcomm also said Tom Horton would continue as its lead director. Horton has been a member of the company's board since ...

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First Published: Fri, March 09 2018. 23:19 IST
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