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Broadcom to stay on deal path after Qualcomm halt: analysts

Reuters 

By Supantha Mukherjee and Sonam Rai(Reuters) - Broadcom Ltd Chief Executive Hock Tan is unlikely to slow his acquisition spree after U.S. President Donald Trump blocked the microchip maker's $117 billion bid for Qualcomm Inc on national security grounds, analysts said on Tuesday. Trump signed an order late on Monday to halt what would have been the biggest-ever technology deal on concerns that a takeover of Qualcomm by the Singapore-based company would erode the United States' lead in mobile technology and give China the upper hand.The deal would have created the world's No. 3 semiconductor ...

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First Published: Tue, March 13 2018. 22:31 IST
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