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U.S. has ordered Broadcom to give notice of steps to redomicile

Reuters 

By Greg Roumeliotis(Reuters) - A U.S. national security panel has ordered Singapore-based chipmaker Broadcom to provide it with five business days' notice before taking any action toward redomiciling to the United States, a regulatory filing this week revealed.The previously undisclosed requirement shows that the Committee on Foreign Investment in the United States (CFIUS), which reviews foreign acquisitions of U.S. companies for potential national security risks, is aware that its jurisdiction could be contested if Broadcom redomiciles to the United States.The panel on Sunday ordered San ...

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First Published: Sat, March 10 2018. 06:18 IST
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