A view of the US Treasury building, seen in Washington, DC on June 21, 2017. It raised the possibility that a takeover would weaken Qualcomm's leadership position in mobile technology and 5G, opening the door to competition from Chinese companies such as Huawei.
Qualcommstated on 5 March that "Broadcom's claims that the CFIUS inquiry was a surprise to them has no basis in fact".
Qualcomm is one of the leading players in the build-up to 5G networks (in partnership with Nokia), Huawei is the main competitor.
A source familiar with CFIUS' thinking told Reuters on Monday that if the deal was completed, the USA military was concerned that within 10 years, "there would essentially be a dominant player in all of these technologies and that's essentially Huawei". First, Broadcom offered Qualcomm a takeover deal worth $103 billion. Such a move could hurt the USA effort to develop 5G wireless technology because of the small existing number of suppliers that build the hardware. Still, the deal cant go on without an okay from CFIUS (and later other regulatory bodies will get involved too).
A source familiar with CFIUS' thinking told Reuters on Monday that if Broadcom acquired Qualcomm, the USA military had concerns that within 10 years "there would essentially be a dominant player in all of these technologies and that's essentially Huawei". Ordinarily, it only weighs in after a deal is agreed upon - and can recommend that the president block any deal it considers a threat.
Cornyn said on March 5 he was glad CFIUS had made a decision to review the deal, noting that "some of our worldwide rivals, like China, have been incredibly aggressive and strategic".
Broadcom has struggled to complete its proposed deal to buy Qualcomm as the latter has resisted, citing several concerns including the price offered and potential antitrust hurdles.
Qualcomm pushed CFIUS to intervene in hopes of quashing the hostile takeover.
Qualcomm took a deep breath, counted to three and responded to Broadcom'sweekend broadside before postponing its stockholder meeting by a month. Broadcom is based in Singapore.
The government's move though could now spoil Broadcom's efforts to take over the American company.
In Monday's letter, the panel said that it was concerned that Broadcom, which is in the process of moving its headquarters to the US, would shift Qualcomm's focus from R&D to short-term profit-generating operations, thereby threatening the company's innovations.
Thad's well-earned reputation as a "quiet persuader" has endeared him to all his colleagues. "I think I am", he added. In 1972, Cochran was elected into Congress and served until 1978, when he was elected into the Senate.
In the United States , an interim season report found that the vaccine was just 36% effective in preventing the flu. One other reason the flu vaccine tends to underperform in H3N2 years has to do with. eggs.
The launch that achieved the rocket's half-century took place from the Kennedy Space Centre at Cape Canaveral in Florida. The launch - 50th for the Falcon 9, if all goes well - for Spanish company Hispasat was last delayed from February 25.
The No. 1 Virginia men's basketball team cleaned up in the ACC basketball awards that were announced on Sunday afternoon. The Tar Heels finished 28-5 that season, losing to Marquette 67-59 in the NCAA Tournament national title game.
For those who want to be able to drift, there's a Drift Mode, standard on the 63 S and optional on the other two versions. The rear-wheel-steering setup from the AMG GTR is found on all three models to aid agility at both low and high speeds.
Varda, a filmmaking legend who was instrumental in the development of the French New Wave, is 89 - nine days older than Ivory. He was a three-time nominee for directing, for the films "A Room With a View", "Howard's End" and "The Remains of the Day ".
Last year, Vietnam deployed six submarines purchased from Russian Federation to Cam Ranh Bay, but it can not oppose Beijing alone. Vietnam and China have competing claims in the South China Sea, which has been of increasing concern to Hanoi.
The fast rising star is expected to be named in Scotland's squad for the games against Costa Rica and Hungary this month. Former Scotland worldwide James McFadden believes the news is like making a major signing.
Gundogan has experienced something similar before when he helped Borussia Dortmund win their domestic title in 2011/12. If you are able to win the league quite early, you can lose that seriousness for the Champions League, maybe.
Here are 11 Texas congressional primary races to watch
It's also quite possible that the Democratic surge is mainly about regular voters shifting from Election Day to early voting. For the young people galvanized by his campaign in Texas, the fall midterm offers the potential for an alternative future.
Alan Pardew accepts he could lose West Brom job after…
I don't know what we will be able to do over the next 10 games. "I want to try and make it function as long as I can". Alan Pardew will stay as West Brom boss for at least one more match despite Saturday's 1-0 defeat at Watford .
WWE Raw: Cena openly challenges the Undertaker
On " SmackDown Live ", he earned his way into the six-man WWE Championship match that'll take place at Fastlane on March 11. The free agent suggested he be added to the WWE title match at the upcoming pay per view Fastlane .
Amazon to stop selling Google Nest products
Amazon reportedly told Google Nest near the end of a year ago that it would no longer be listing any of Nest's newer products. It's not clear yet whether third party sellers will still be allowed to sell Nest devices on Amazon.
Fiji lose to US in Vegas 7s
Kenya's Oscar Ouma attacks against Fiji on day two of the HSBC World Rugby Sevens Series in Las Vegas on 4th March, 2018. ONE OF ARGUABLY THE greatest ever tries in Sevens rugby was scored at a tournament in Las Vegas over the weekend.