Broadcom cries foul as U.S. regulator intervenes in Qualcomm saga
08 March, 2018, 01:34 | Author: Irene Delgado
However, Qualcomm has been resisting Broadcom's overtures, prompting the latter to nominate six directors to Qualcomm's 11-member board at its shareholder meeting.
"Having a well-known and trusted company hold the dominant role that Qualcomm does in the USA telecommunications infrastructure provides significant confidence in the integrity of such infrastructure as it relates to national security".
Qualcomm just concluded its 5G day in San Diego, California, where it showed off a number of new demos showcasing what the newSnapdragon 845 can do.
Broadcom has been telling shareholders Qualcomm sought a review by the Committee on Foreign Investment in the United States and didn't tell its shareholders or Broadcom.
Broadcom's ongoing attempt to acquire Qualcomm, a deal that would be the largest tech merger in history, hit another roadblock this week when the U.S. government chose to intervene. The letter caused Qualcomm to delay a critical shareholder vote on the meeting by 30 days. The US government has already expressed repeated concerns about Huawei and ZTE, moving to close off their access to the American market, and the fear is Broadcom could allow the Chinese to take the lead on setting 5G standards.
Neymar has undergone 'successful' foot surgery
Earlier, Paris newspaper L'Equipe reported that PSG believe Lasmar lied about Neymar's condition. The physician added, however, that he should be in "full form" by the time of the World Cup.
Shubhankar Sharma lifts hopes for Indian golf
As well as the foursome lurking just two strokes behind, defending champion and world number one Dustin Johnson trailed by three. For a player who is almost five years removed from his last victory (2013 Open Championship) the confidence has returned.
Broadcom was based in the U.S. until 2016, when it was acquired by Singapore-based Avago.
The US government, including the Department of Defense, also source sensitive technologies from Qualcomm. Specifically it thinks the move could pose a risk to the national security of the US. Reuters reported last week that CFIUS had begun looking at semiconductor firm Broadcom's bid as pressure grew from politicians, including senior Republican Senator John Cornyn. While much of the CFIUS' national security concerns were not detailed in the letter due to their classified nature, the board did mention worries around Broadcom's "relationships with third party foreign entities and the national security effects of Broadcom's business intentions with respect to Qualcomm". It lends weight to Qualcomm's argument that the hostile bid would struggle to get regulatory sign-off.
The panel also advised against a deal between Chinese-backed private equity firm Canyon Bridge and US chipmaker Lattice Semiconductor Corp, leading president Trump to block the proposal in September 2017.
The semiconductor industry is locked in a race to develop chips that power so-called 5G wireless technology. The CFIUS letter noted that Broadcom has not elaborated on how it plans to change Qualcomm's licensing model, but appeared to side with Qualcomm's claim that its current model is needed to support R&D funding.
The United States Department of the Treasury said that the CFIUS now can look into Broadcom's acquisition plan in depth. The company is now based in Singapore, but said in November that it will move its legal headquarters back to the United States.
Sixty-seven percent of the 2018 list are self-made billionaires and a record 255 women are included in this year's rankings. Among the Indian women on the list, Savitri Jindal and family is the richest with a fortune of Dollars 8.8 billion.
ABC's late-night host is the network's choice to emcee its biggest TV-viewer night of the year for the second straight year. Host Jimmy Kimmel jokingly commented on Beatty's move at the time, "In other words, Clyde threw Bonnie under the bus".
The said headphones are speculated to be targeted at the high-end of the market with features such as wireless pairing. With the extremely popular AirPods and newly released HomePod , Apple has swiftly invaded the audio industry.
The Congress, which has given three chief ministers to Nagaland since the state's inception in 1963, contested only in 18 seats. She said, "They just want to give the impression that they are not in favour of Modi".
Catz was on President Trump's transition team, and was previously mentioned as a potential Director of National Intelligence. Secretary of Defense James Mattis' office referred all questions regarding personnel matters to the White House.
Dorothy Bruns , 44, reportedly told police she was trying to avoid hitting a auto and swerved out of the way. Lauren Lew is also in a stable condition after being injured in the accident, which occured on 5 March.
It is reported that so far 180 people country-wide have died from listeriosis , which has sparked panic across the country. Health Minister Aaron Motsoaledi warned people to "avoid all processed meat products that are sold as ready to eat".
The subpoena was for Sam Nunberg to turn over thousands of emails between himself and campaign officials and Roger Stone . However, Nunberg's media tour yesterday raises another question, which I raise in my column for The Week .
It's completely possible that the company will shy away from the effort and nothing will happen, reports The Wall Street Journal . JPMorgan and CapitalOne are among the possible participants, the paper said. "You know, that's called competition".
UAE condemns Burkina Faso terror attacks
A military barrier is placed along a street leading to Burkina Faso's army headquarters in the capital Ougadougou , Burkina Faso. Burkina Faso is one of a string of fragile countries on the southern rim of the Sahara that are battling jihadist groups.
Suspect in college campus shooting caught
According to public records, the parent's lived in Plainfield , Illinois , more than four hours from Central Michigan University. He also said authorities are describing the shooting, which happened at around 8am (1pm GMT) as a "family-type domestic issue".
High fire danger Monday
Rain showers will continue Thursday while Friday snow levels will drop, which will cause precipitation to turn to mixed showers. Tuesday night: A slight chance of rain and snow between 8 and 9 p.m, then a chance of snow.
Syrian government forces capture villages of eastern Ghouta
At least 76 pro-regime fighters and 43 rebels from Jaish al-Islam have also been killed in clashes since February 25, it says. The Observatory said some 2,000 civilians had fled government shelling and clashes in eastern parts of the enclave.