Global Trade Alert
Global Trade Alert

United States of America: Presidential order blocking the proposed takeover of Qualcomm Incorporated by Broadcom Limited

Announcement

12 Mar 2018

The order states that, “The proposed takeover of Qualcomm by the Purchaser is prohibited, and any substantially equivalent merger, acquisition, or takeover, whether effected directly or indirectly, is also prohibited.”

 

 

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

12 Mar 2018

Revocation date:

No revocation date

Updated: 12 Mar 2018
FDI: Entry and ownership rule In force

On March 12, 2018 President Trump signed an order blocking the proposed takeover of the U.S. multinational semiconductor and telecommunications equipment company Qualcomm Incorporated by Singapore-...

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