Tuesday - March 20th, 2018

White House blocks Broadcom's proposed purchase of Qualcomm

White House blocks Broadcom's proposed purchase of Qualcomm

Qualcomm is the leader in wireless chips for today's LTE networks, and is the main American company with a voice in the standards for 5G, the next generation of wireless technology.

Broadcom is actually made up of two companies. Singapore-based Avago acquired the original Broadcom and took on its name. They make chips used in wireless and other networks. Broadcom announced at the end of last year that it would look to relocate its headquarters to the U.S.

It is unclear what Broadcom does next, but one possibility is that it will seek a combination with Intel. A Broadcom/Qualcomm merger would have created a chipmaker to rival industry-leaders Intel and Samsung.

Representatives of both companies were not immediately available for comment.

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