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Trump halts Qualcomm takeover by Broadcom for national security
In an unexpected turn of events, the American president Donald Trump blocks the takeover of chipmaker Qualcomm by Broadcom, for reasons of national security.
The president states that there is no other way to guarantee national security and that he has "credible evidence" that security risks rise. Furthermore, the document states that Qualcomm must hold its annual shareholders' meeting in the next ten days. The company must stop the acquisition together with Broadcom and provide written proof of this once the step has been taken. The presidential order reflected a calculation that the United States’ lead in creating technology and setting standards for the next generation of mobile cell phone communications would be lost to China if Singapore-based Broadcom took over San Diego-based Qualcomm, according to a White House official, reports reuters.
Qualcomm has emerged as one of the biggest competitors to China’s Huawei Technologies Co in the sector, making Qualcomm a prized asset. A White House official on Monday confirmed that the national security concerns related to the risks of Broadcom’s relationship with third party foreign entities.
A source familiar with CFIUS’ thinking had said that, if the deal was completed, the U.S. military was concerned that within 10 years,“there would essentially be a dominant player in all of these technologies and that’s essentially Huawei, and then the American carriers would have no choice. They would just have to buy Huawei (equipment).”
Huawei has been forging closer commercial ties with big telecom operators across Europe and Asia, putting it in prime position to lead the global race for 5G networks despite U.S. concerns.
Huawei has a dominant position in China, which is set to become the world’s biggest 5G market by far, and has also made inroads in the rest of world to compete with rivals such as Ericsson and Nokia in several lucrative markets, including countries that are longstanding U.S. allies.
fantaskarsef
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#5527629 Posted on: 03/13/2018 09:47 AM
Trump doesn't want somebody else abuse all the back doors they produce with their chips.
Trump doesn't want somebody else abuse all the back doors they produce with their chips.
vbetts
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#5527700 Posted on: 03/13/2018 02:06 PM
I am not one to get political here, but how is this a threat to national security?
We actually have issues that are real threats to national security that have actually happened in the past few months, real events where people lost their lives.
I am not one to get political here, but how is this a threat to national security?
We actually have issues that are real threats to national security that have actually happened in the past few months, real events where people lost their lives.
fantaskarsef
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#5527703 Posted on: 03/13/2018 02:11 PM
I am not one to get political here, but how is this a threat to national security?
We actually have issues that are real threats to national security that have actually happened in the past few months, real events where people lost their lives.
Those issues can't be solved via twitter, so it's out of discussion.
j/k, we know that this is not about making sensible decisions. It's protectionism at it's best, anti competitive, anti free market, anti free trade, etc.
I am not one to get political here, but how is this a threat to national security?
We actually have issues that are real threats to national security that have actually happened in the past few months, real events where people lost their lives.
Those issues can't be solved via twitter, so it's out of discussion.
j/k, we know that this is not about making sensible decisions. It's protectionism at it's best, anti competitive, anti free market, anti free trade, etc.
Turanis
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Posts: 1294
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#5527710 Posted on: 03/13/2018 02:30 PM
They (US gov)have spoken the truth: the chinese company Huawei is lead by a former military of red PeopleLibArmy.
Thats why Huawei and ZTE dont have the official right to sell phones on USA market.
"Chinese manufacturer Huawei was expected to announce a partnership with AT&T to distribute its devices in the US. But the telecoms carrier has called off the deal at the last minute.
You can already buy unlocked Huawei devices online and in some retail stores in the US, so it’s likely that the Mate 10 Pro will also be made available. But a carrier deal would have helped push the company's products in the States.
Despite being the third-largest smartphone manufacturer behind Samsung and Apple, Huawei has struggled to make a big impact in the US. This is partly due to a 2012 House Intelligence Committee report that warned carriers not to do deals with the firm because of the influence China has over it, which could pose a threat to US security."
Better keep the eggs in your basket,than sell it to a foreign "enemy" company.And indeed chinese is on the offensive wave,they buy everything.Because they can,they have a lot of money from their cheap exports.
https://www.techspot.com/news/73279-six-us-intelligence-chiefs-warn-against-using-huawei.html
They (US gov)have spoken the truth: the chinese company Huawei is lead by a former military of red PeopleLibArmy.
Thats why Huawei and ZTE dont have the official right to sell phones on USA market.
"Chinese manufacturer Huawei was expected to announce a partnership with AT&T to distribute its devices in the US. But the telecoms carrier has called off the deal at the last minute.
You can already buy unlocked Huawei devices online and in some retail stores in the US, so it’s likely that the Mate 10 Pro will also be made available. But a carrier deal would have helped push the company's products in the States.
Despite being the third-largest smartphone manufacturer behind Samsung and Apple, Huawei has struggled to make a big impact in the US. This is partly due to a 2012 House Intelligence Committee report that warned carriers not to do deals with the firm because of the influence China has over it, which could pose a threat to US security."
Better keep the eggs in your basket,than sell it to a foreign "enemy" company.And indeed chinese is on the offensive wave,they buy everything.Because they can,they have a lot of money from their cheap exports.
https://www.techspot.com/news/73279-six-us-intelligence-chiefs-warn-against-using-huawei.html
fantaskarsef
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Posts: 8906
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#5527711 Posted on: 03/13/2018 02:36 PM
They (US gov)have spoken the truth: the chinese company Huawei is lead by a former military of red PeopleLibArmy.
Thats why Huawei and ZTE dont have the official right to sell phones on USA market.
"Chinese manufacturer Huawei was expected to announce a partnership with AT&T to distribute its devices in the US. But the telecoms carrier has called off the deal at the last minute.
You can already buy unlocked Huawei devices online and in some retail stores in the US, so it’s likely that the Mate 10 Pro will also be made available. But a carrier deal would have helped push the company's products in the States.
Despite being the third-largest smartphone manufacturer behind Samsung and Apple, Huawei has struggled to make a big impact in the US. This is partly due to a 2012 House Intelligence Committee report that warned carriers not to do deals with the firm because of the influence China has over it, which could pose a threat to US security."
Better keep the eggs in your basket,than sell it to a foreign "enemy" company.And indeed chinese is on the offensive wave,they buy everything.Because they can,they have a lot of money from their cheap exports.
https://www.techspot.com/news/73279-six-us-intelligence-chiefs-warn-against-using-huawei.html
The thing is, I don't trust a US company any more or less than those Chinese ones. They are subject to government overrule and influence just as well...
They (US gov)have spoken the truth: the chinese company Huawei is lead by a former military of red PeopleLibArmy.
Thats why Huawei and ZTE dont have the official right to sell phones on USA market.
"Chinese manufacturer Huawei was expected to announce a partnership with AT&T to distribute its devices in the US. But the telecoms carrier has called off the deal at the last minute.
You can already buy unlocked Huawei devices online and in some retail stores in the US, so it’s likely that the Mate 10 Pro will also be made available. But a carrier deal would have helped push the company's products in the States.
Despite being the third-largest smartphone manufacturer behind Samsung and Apple, Huawei has struggled to make a big impact in the US. This is partly due to a 2012 House Intelligence Committee report that warned carriers not to do deals with the firm because of the influence China has over it, which could pose a threat to US security."
Better keep the eggs in your basket,than sell it to a foreign "enemy" company.And indeed chinese is on the offensive wave,they buy everything.Because they can,they have a lot of money from their cheap exports.
https://www.techspot.com/news/73279-six-us-intelligence-chiefs-warn-against-using-huawei.html
The thing is, I don't trust a US company any more or less than those Chinese ones. They are subject to government overrule and influence just as well...
Turanis
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Posts: 1294
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#5527712 Posted on: 03/13/2018 02:39 PM
Every gov try to protect their goods in these days.
Btw:
"Chinese national pleads guilty to selling over 40,000 fake Apple products in the US
He made $1.1 million from selling the counterfeit goods."
https://www.theverge.com/2018/2/2/16966216/chinese-apple-counterfeiter-pleads-guilty-selling-iphone-ipad-fakes
Every gov try to protect their goods in these days.
Btw:
"Chinese national pleads guilty to selling over 40,000 fake Apple products in the US
He made $1.1 million from selling the counterfeit goods."
https://www.theverge.com/2018/2/2/16966216/chinese-apple-counterfeiter-pleads-guilty-selling-iphone-ipad-fakes
fantaskarsef
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Posts: 8906
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#5527713 Posted on: 03/13/2018 02:43 PM
Every gov try to protect their goods in these days.
Btw:
"Chinese national pleads guilty to selling over 40,000 fake Apple products in the US
He made $1.1 million from selling the counterfeit goods."
https://www.theverge.com/2018/2/2/16966216/chinese-apple-counterfeiter-pleads-guilty-selling-iphone-ipad-fakes
Yes, bad times make people act conservative and protectionistic. It's proven by history, only that people don't learn from history.
But he's not even brave enough to say so, he tries to sell the "national security" fearmongering BS.
Also, that guy, $1.100.000,- from 40.000 Apple products? Sure, people were thinking they bought a real iPhone or iPad for an average price of less than 30$....
Every gov try to protect their goods in these days.
Btw:
"Chinese national pleads guilty to selling over 40,000 fake Apple products in the US
He made $1.1 million from selling the counterfeit goods."
https://www.theverge.com/2018/2/2/16966216/chinese-apple-counterfeiter-pleads-guilty-selling-iphone-ipad-fakes
Yes, bad times make people act conservative and protectionistic. It's proven by history, only that people don't learn from history.
But he's not even brave enough to say so, he tries to sell the "national security" fearmongering BS.
Also, that guy, $1.100.000,- from 40.000 Apple products? Sure, people were thinking they bought a real iPhone or iPad for an average price of less than 30$....
airbud7
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Posts: 6082
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#5527717 Posted on: 03/13/2018 02:58 PM
Smart move by Trump....imagine if intel were to takeover AMD's cpu division and Nvidia took over its graphics card division ...Not Good.
Smart move by Trump....imagine if intel were to takeover AMD's cpu division and Nvidia took over its graphics card division ...Not Good.
NewTRUMP Order
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#5527727 Posted on: 03/13/2018 03:33 PM
Lets see all of our jets, helicopters, planes, air craft carriers, missiles, communication equipment, etc all use memory. And you would then have to buy it and rely on memory produced by a potential enemy. UH this is a national security concern. I will say it is a bit of a slap in the face for Broadcom though, back in Nov of 2017 Hock Tan went on tv with the president and said he was moving his legal h.q. back to the U.S. because of President Trumps tax plan. Ouch.
Lets see all of our jets, helicopters, planes, air craft carriers, missiles, communication equipment, etc all use memory. And you would then have to buy it and rely on memory produced by a potential enemy. UH this is a national security concern. I will say it is a bit of a slap in the face for Broadcom though, back in Nov of 2017 Hock Tan went on tv with the president and said he was moving his legal h.q. back to the U.S. because of President Trumps tax plan. Ouch.
fantaskarsef
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#5527728 Posted on: 03/13/2018 03:36 PM
Then they would have to PRODUCE (fabricate) their chips (they are not making memory btw) in the US too. They don't though.
Lets see all of out jets, helicopters, planes, air craft carriers, missiles, communication equipment, etc all use memory. And you would then have to buy it and rely on memory produced by a potential enemy. UH this is a national security concern.
Then they would have to PRODUCE (fabricate) their chips (they are not making memory btw) in the US too. They don't though.
Embra
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#5527733 Posted on: 03/13/2018 03:48 PM
5G mobile is coming soon. Trump wants to keep China from getting the edge on it. Not sure it's something that can be stopped.
5G mobile is coming soon. Trump wants to keep China from getting the edge on it. Not sure it's something that can be stopped.
NewTRUMP Order
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Posts: 296
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#5527736 Posted on: 03/13/2018 03:52 PM
they make semiconductors, for brevity I was making point of relying on a part from the enemy.
Then they would have to PRODUCE (fabricate) their chips (they are not making memory btw) in the US too. They don't though.
they make semiconductors, for brevity I was making point of relying on a part from the enemy.
SSD_PRO
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#5527741 Posted on: 03/13/2018 04:01 PM
At last the United States of America has a PRESIDENT that understands business and business decisions MUST be controlled via scrutiny and government regulation. The only answer is the far reaching control of the FEDERAL government; the people cannot have the power. Qualcomm is headquartered in San Diego and Broadcom Limited is co-headquarted in San Jose and Singapore. These companies will bow to President Trump, a man who understands intense business regulation is the way to keep us safe! In other national security news President Trump just pardoned a guy who took his phone into the missile control room of a nuclear submarine and took pictures of the missiles, warheads, computers, and controls and sent them to family via private message on facebook just before losing the phone.
At last the United States of America has a PRESIDENT that understands business and business decisions MUST be controlled via scrutiny and government regulation. The only answer is the far reaching control of the FEDERAL government; the people cannot have the power. Qualcomm is headquartered in San Diego and Broadcom Limited is co-headquarted in San Jose and Singapore. These companies will bow to President Trump, a man who understands intense business regulation is the way to keep us safe! In other national security news President Trump just pardoned a guy who took his phone into the missile control room of a nuclear submarine and took pictures of the missiles, warheads, computers, and controls and sent them to family via private message on facebook just before losing the phone.
Aura89
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Posts: 6770
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#5527750 Posted on: 03/13/2018 04:26 PM
I don't understand this post.
it's like:
"Pro Trump!
Pro Government!
Pro Regulations!"
Whereas reality, Trump is anti-government and most definitely anti-regulations.
I'm not trying to get into politics here, though i believe this post was inevitable and will probably be locked at some point due to politics simply guaranteed to come up in a post about Trump, but seriously, do you not pay attention to what trump does?
He believes that the government needs to have less regulations and less involvement in business', but more in individual peoples rights, so really your entire post makes zero sense.
http://video.foxnews.com/v/5681702790001/?#sp=show-clips
At last the United States of America has a PRESIDENT that understands business and business decisions MUST be controlled via scrutiny and government regulation. The only answer is the far reaching control of the FEDERAL government; the people cannot have the power. Qualcomm is headquartered in San Diego and Broadcom Limited is co-headquarted in San Jose and Singapore. These companies will bow to President Trump, a man who understands intense business regulation is the way to keep us safe! In other national security news President Trump just pardoned a guy who took his phone into the missile control room of a nuclear submarine and took pictures of the missiles, warheads, computers, and controls and sent them to family via private message on facebook just before losing the phone.
I don't understand this post.
it's like:
"Pro Trump!
Pro Government!
Pro Regulations!"
Whereas reality, Trump is anti-government and most definitely anti-regulations.
I'm not trying to get into politics here, though i believe this post was inevitable and will probably be locked at some point due to politics simply guaranteed to come up in a post about Trump, but seriously, do you not pay attention to what trump does?
He believes that the government needs to have less regulations and less involvement in business', but more in individual peoples rights, so really your entire post makes zero sense.
http://video.foxnews.com/v/5681702790001/?#sp=show-clips
Click here to post a comment for this news story on the message forum.
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lol yankees
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