Singapore-based Broadcom withdrew its $117 billion bid to acquire rival semiconductor company Qualcomm. Two days back, U.S. President Donald Trump blocked the attempt citing national security concerns. It is believed that the US administration is fearing about the dominance of China-based Huawei in the wireless market.
Broadcom ends $117 bn bid for Qualcomm after President Trump blocks deal
More like thisRelated
Qualcomm vs MediaTek: Premium Smartphone Boom Lifts Revenues but Memory Shortages Cloud 2026 Outlook
Qualcomm and MediaTek reported solid handset revenue growth for...
MediaTek launches Dimensity 9500s and Dimensity 8500 to power premium smartphones
MediaTek has introduced its latest flagship and premium mobile...
Qualcomm Q1 FY2026 Results: Revenue Rises 5% as Automotive and IoT Growth Offsets Smartphone Pressure
Qualcomm has reported revenue of $12.25 billion for its...
Snapdragon 8 Gen 5 Redefines Smartphone Performance with AI and Flagship Speed
Qualcomm Technologies has unveiled the Snapdragon 8 Gen 5...