11/8/2023 0 Comments Equifax unlock credit![]() Robert to the Cyber Saturday edition of Data Sheet, Fortune’ s daily tech newsletter. Till then, relax and have a great weekend. They are, one could argue, acting like barbarians at the logic gate. The firm, which has vied for months to consummate its proposed deal, is leading an effort to replace six members of Qualcomm’s 11-person board of directors-a move that, if successful, may as well seal the tie-up. (Broadcom, formerly headquartered in the U.S., is already seeking to repatriate.) The big issue for the committee is Broadcom’s “private equity”-style approach to management which, the regulatory body said in a letter, could mean reduced R&D investments in favor of “short term profitability.” Broadcom has attempted to assuage concerns by promising to fund innovation.īroadcom’s case is not helped, however, by its LBO-like raiding tactics. committee is less concerned about the firms’ geographies and more about their investment strategies. allow a foreign force to snap up a domestic concern so seemingly vital to its future? The Committee on Foreign Investment in the United States is now investigating whether Broadcom’s $117 billion conquest attempt could have national security consequences, given Qualcomm’s sensitive government work and the role it plays in developing technology behind next-generation 5G telecom infrastructure. ![]() Treasury asked Qualcomm to postpone by 30 days an annual shareholder meeting that could have resulted in the company’s hostile takeover by Broadcom, a Singapore-based rival. What’s happening in the chip industry is more sensational than a soap opera.
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