Tag: chipmaker

Trump blocks Broadcom’s bid to buy Qualcomm

SAN FRANCISCO, United States (AFP) — US President Donald Trump blocked Monday an unsolicited bid by Singapore-based Broadcom to take over smartphone chipmaker Qualcomm, citing national security concerns. Trump issued an order barring the proposed mega-acquisition, saying there is credible evidence such a deal “threatens to impair the national security of the United States,” according to a White House statement. The order came despite Broadcom’s assurances that it would complete its move to the United […]

Qualcomm fires back at Apple with countersuit

WASHINGTON, United States (AFP) — Qualcomm has moved on the offensive in its legal battle with Apple with a countersuit claiming the iPhone maker breached agreements and encouraged regulatory attacks worldwide on the US computer chipmaker. In a legal filing late Monday, Qualcomm denied the charges made by Apple in its January lawsuit, while accusing Apple of failing to negotiate in good faith on patent royalties. Apple’s complaint argued that Qualcomm abused its market power […]