U.S. Senate Democratic leader praises Trump's blocking Broadcom's takeover of Qualcomm

From Reuters - March 13, 2018

WASHINGTON, March 13 (Reuters) - Senator Chuck Schumer, the top Democrat in the U.S. Senate, on Tuesday praised President Donalds Trumps decision to block chipmaker Broadcom Ltds proposed takeover of Qualcomm Inc, calling Chinas trade practicesrapacious.

Trump on Monday blocked Broadcoms effort to buy Qualcomm on national security grounds, ending what would have been the technology industrys biggest deal ever amid concerns that it would give China the upper hand in mobile communications.


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