22 June, Friday


Broadcom says to stick with U.S. 5G investment after Qualcomm deal

Science & Tech

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The U.S. government's Committee on Foreign Investment in the United States (CFIUS) has ordered a national security review of the proposed deal, saying a takeover can lead to lower R&D spending and weaken Qualcomm's competitive position against Chinese companies. 

Broadcom also promised to create a $1.5 billion fund with a focus on innovation to train and educate the next generation of U.S. engineers to ensure the country’s lead in future wireless technology.

Reuters

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