US panel: Broadcom's Qualcomm bid is a potential national security risk

ZDNet -

ZDNet—The proposed deal could weaken Qualcomm's standing and leave an opening for China to exert more influence over 5G standard setting, a letter from the US government says.

Government says Broadcom bid for Qualcomm is a national security risk. The federal government said Broadcom's proposed acquisition of rival chipmaker Qualcomm could pose a national security risk and called for a full investigation into the hostile bid. The move complicates an already contentious deal and increases the likelihood that Broadcom, which is based in Singapore, will end its pursuit of Qualcomm. Such an investigation is often a death knell for a corporate acquisition. A government panel, the Committee on Foreign...