Trump blocks Broadcom's bid for Qualcomm on security grounds
By MYBRANDBOOK
The proposed takeover of Qualcomm by Broadcom has been put on hold by US President Donald Trump.
As reports suggests that the US government does not want to give up in front of China, if Singapore-based Broadcom took over the San Diego-based Qualcomm. The Silicon Valley will no longer be the lead in creating technology and setting standards for the next generation of mobile cell phone communications.
If the deal would have been closed, then China had an upper hand in mobile communications.
As per a statement issued by White House, it is to protect national security. President Donald Trump has ordered a prohibition to any kind of takeover, merger between chip-making giants Broadcom and Qualcomm. The order also states that Broadcom will not be allowed to purchase or merge with Qualcomm in any way and that all of the people Broadcom has proposed to Qualcomm’s board are disqualified.
Broadcom was trying to buy Qualcomm, but all of its efforts have been futile. Moreover, Broadcom is also planning to move its headquarters to the US.
BHIM to join e-commerce, competing with PhonePe and Google Pay
The government-supported payment software BHIM is getting ready to join t...
The latest version of X helps prevent deepfakes on social medi
To combat deepfakes and shallowfakes, Elon Musk revealed a new update t...
India and Namibia collaborate on a payment system similar to U
Once operational, the platform will enable digital transactions in Namibia,...
Sebi issues show-cause notices to six Adani group firms
Sebi issued show-cause notices to six Adani Group firms, including Adani ...
MICROTEK INTERNATIONAL PVT. LTD.
DIGISOL SYSTEMS LTD.
DELL TECHNOLOGIES INDIA PVT. LTD.
CP PLUS INDIA PVT. LTD.
Technology Icons Of India 2023: Nandan Nilekani
Nandan Nilekani is the Co-Founder and Chairman of the Board, Infosys T...
Technology Icons Of India 2023: Girish Mathrubootham
Girsh Mathrubootham envisioned and co-founded Freshworks. Freshworks, ...
Technology Icons Of India 2023: Anant Maheshwari
As President of Microsoft India, he is responsible for Microsoft’s o...
BSE provides highly secure, efficient and transparent market for trading
BSE (formerly known as Bombay Stock Exchange Ltd.) is Asia's first & t...
CERT-IN protecting the cyber security space of India
CERT-In serves in the area of cyber security threats like hacking and ...
BEL leveraging next generation technologies to keep the country ahead in Defence space
Bharat Electronics Limited (BEL) is a Navratna PSU under the Ministry ...
NETPOLEON SOLUTIONS
Netpoleon Group is a Value-Added Distributor (VAD) of Network Security...
SUPERTRON ELECTRONICS PVT. LTD.
Supertron deals in servers, laptops, components, accessories and is a...
ADITYA INFOTECH LTD.
Aditya Infotech Ltd. (AIL) – the technology arm of Aditya Group, is ...