Broadcom drops $117-bn bid for Qualcomm after Trump's order
Chipmaker Broadcom has dropped its $117-billion takeover bid for its rival Qualcomm after US President Donald Trump blocked the deal for national security reasons. The chipmaker said it still planned to switch its domicile from Singapore to the US. Earlier, Broadcom had said that it "strongly disagrees that its proposed acquisition of Qualcomm raises any national security concerns".