Trump blocks Broadcom takeover of Qualcomm on 'national security' grounds
US President Donald Trump on Monday blocked microchip creator Broadcom Ltd's proposed takeover of Qualcomm Inc on national securitygrounds, finishing what might have been the innovation business' greatest arrangement ever in the midst of worries that it would give China the high ground in portable interchanges.The presidential request mirrored a count that the United States' lead in making innovation and setting principles for the up and coming age of versatile PDA interchanges would be lost to China if Singapore-based Broadcom assumed control San Diego-based Qualcomm, as indicated by a White House official. San Diego-based Qualcomm has developed as one of the greatest contenders to China's Huawei Technologies Co in the division, making Qualcomm a prized resource.Qualcomm had before repelled Broadcom's $117 billion offer, which was under scrutiny by the US Committee on Foreign Investment in the United States (CFIUS), a multi-organization board drove by th...