Broadcom Chief Executive Hock Tan had Qualcomm hooked. He was poised to reel in his biggest prize in a long string of trophy acquisitions of tech companies. Then in an instant, Qualcomm got away.
Chinese telecoms giant Huawei says it will continue to invest in the U.S. despite recent setbacks in its efforts to boost sales there -- and the company is confident smartphone sales will triple.
Last year, investors calmly brushed aside every surprise that came out of Capitol Hill. Now, though, markets are moving sharply either in anticipation of policy changes or upon their announcement.
Shortly after the White House blocked chipmaker Broadcom's planned hostile takeover of rival Qualcomm, Broadcom said it "strongly disagrees" with that decision and is reviewing the president's order.
ENTERPRISE SECURITY TODAY
ABOUT OUR NETWORK
TERMS OF SERVICE