Fear of China Scuttles Deal That Didn't Involve China
Fear of China Scuttles Deal That Didn't Involve China
Business, Spoken · SpokenLayer
March 14, 20184m 40s
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Show Notes
President Donald Trump blocked Broadcom's proposed $105 billion acquisition of fellow wireless chip giant Qualcomm on Monday amidst mounting fears that US could fall behind China on technology innovation. That’s a little odd, because on its face, the deal itself has nothing to do with China. Broadcom's key units are US-based; the company is headquartered in Singapore, which is generally considered friendly to the US.
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