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Tag: Qualcomm

Trump blocks Broadcom's bid for Qualcomm on security grounds

Trump blocks Broadcom's bid for Qualcomm on security grounds

Business
US President Donald Trump has blocked a planned takeover of chipmaker Qualcomm by Singapore-based rival Broadcom on grounds of national security.His order cited "credible evidence" that the proposed $ 140bn (£100bn) deal "threatens to impair the national security of the US". There were concerns the takeover could have led to China pulling ahead in the development of 5G wireless technology. The deal would have been the biggest technology sector takeover on record.A takeover of Qualcomm by Broadcom would have created the world's third-largest maker of microchips, behind Intel and Samsung. The chipmaking sector is in a race to develop chips for the latest 5G wireless technology and Qualcomm is considered to be a leader in this field, followed by Broadcom and China's telecoms giant Huawei. Ana
EU fines Qualcomm $1.23B for paying Apple to use its chips

EU fines Qualcomm $1.23B for paying Apple to use its chips

Technology
European regulators have fined Qualcomm $ 1.23 billion after concluding the U.S. mobile chipmaker bribed Apple to stifle competition by using its products exclusively in iPhones and iPads. The penalty announced Wednesday marks the latest blemish on Qualcomm, whose business tactics have been portrayed as illegal abuses of power in lawsuits filed by the U.S. Federal Trade Commission and Apple. Those cases are still making their way through the courts. The European Union probe focused on a different area than the U.S. lawsuits. Those complaints allege Qualcomm has been imposing unfair licensing terms on Apple and other makers of mobile devices for technology that it didn't invent. European regulators contend Qualcomm secretly paid Apple to use its chips for connecting to high-speed cellular ...