You are here: Home » Reuters » News
Business Standard

U.S. says Broadcom violated order in process of moving domicile

Reuters 

(Reuters) - Chipmaker Broadcom Ltd violated a U.S. Treasury Department order by not giving sufficient notice to a national security panel of its plans to redomicile in the United States, the Treasury said in a letter to the Singapore-based company.The Treasury's complaint potentially complicates Broadcom's unsolicited $117-billion offer to buy rival Qualcomm Inc, which is being reviewed by the Committee on Foreign Investment in the United States (CFIUS) for potential national security threats.Broadcom, incorporated in Singapore and co-headquartered there and in San Jose, California, is ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Mon, March 12 2018. 20:52 IST
RECOMMENDED FOR YOU