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U.S. asks Qualcomm to delay assembly for safety evaluate of Broadcom bid

U.S. regulators have requested big chipmaker Qualcomm to delay an annual shareholder assembly to present them extra time to research whether or not a takeover bid by Broadcom, a Singapore firm that’s within the means of transferring to San Jose, would threaten U.S. nationwide safety.

The shock transfer by a authorities panel that scrutinizes offers by international corporations comes amid a charged political ambiance during which scrutiny of takeovers of U.S. corporations by worldwide challengers has elevated drastically. That the intervention was made even earlier than a deal between the 2 chipmakers was formally agreed highlights that shift.

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