Broadcom has decided not to acquire Qualcomm

US President Donald Trump

Broadcom chief Hock Tan is unlikely to slow his acquisition spree after US President Donald Trump blocked the microchip maker's $117bn (€94bn) bid for Qualcomm on national security grounds, analysts have said.

Broadcom tried to address some of these concerns in statement last week pledging to keep investing in 5G wireless technology.

Broadcom has officially terminated its $117 billion offer to buy San Diego's Qualcomm and withdrawn its slate of nominees for Qualcomm's board of directors.

Qualcomm, which makes the chips found in almost every smartphone, got a reprieve when President Trump blocked Broadcom's $117 billion hostile takeover bid.

If the Broadcom-Qualcomm buyout story was an episode of Looney Tunes, you'd now be reading "that's all, folks".

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Rivas said the intentions of the rankings are to show what specific areas people can target to improve health at a local level. Analyzing all of North Carolina's 100 counties shows a clear correlation between median household income and health outcomes .

The chipmaking sector is in a race to develop chips for the latest 5G wireless technology and Qualcomm is considered to be a leader in this field, followed by Broadcom and China's telecoms giant Huawei.

San Diego-based Qualcomm evolved from a United States military aerospace contractor to become the dominant player in wireless radio technology over the past two decades, with its chips used in half of all smartphones.

As such, Broadcom and Qualcomm "shall immediately and permanently abandon the proposed takeover", Trump ordered.

Trump said there is "credible evidence" that Broadcom and its affiliates "might take action that threatens to impair the national security of the United States".

"From a stock perspective, we view the executive order as a slight positive as it removes a near-term distraction and overhang on the stock", KeyBanc Capital Markets analyst John Vinh said in a report. It could just rest easy, or could make a play for either Broadcom or Qualcomm.

Christopher Darden 'Vindicated' by OJ Simpson 'Confession'
Simpson then broke into laughter while telling Regan, "I hate to say this, but this is hypothetical". Simpson", says Judith Regan, CEO of Regan Arts, which published Simpson's book, " If I Did it ".

Broadcom hit back, however, saying it "strongly disagrees that its proposed acquisition of Qualcomm raises any national security concerns".

It's possible that Broadcom was called into question given its Singapore-based headquarters despite being a predominantly US-based company.

According to Bloomberg, Broadcom's effort to win six seats on Qualcomm's 11-member board of directors had significant support from Qualcomm shareholders in early balloting. Lawmakers accused the company of having close links to Beijing, and said it posed a threat to United States national security.

Treasury Secretary Steve Mnuchin said the decision was "based on the facts and national security sensitivities related to this particular transaction only and is not meant to make any other statement about Broadcom or its employees".

Apple Music now boasts more than 38 million subscribers
Spotify was launched in 2008 and now has some 159 million users, 88 million of whom use the free version. In the world of streaming music, it's really down to Apple Music versus Spotify .

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