Broadcom announces its strategic plans to move its legal headquarters from Singapore to America.

Daphne Basel

2017-11-03 06:41:00 Fri ET

Broadcom, a one-time division of Hewlett-Packard and now a semiconductor maker whose chips help power iPhone X, has announced its strategic plans to move its legal headquarters from Singapore to America. This press conference takes place at the White House where President Trump heralds this move as an endorsement of his recent business-friendly tax overhaul reform and then names Broadcom one of the great companies worldwide. In addition, Broadcom has announced its $100 billion offer to acquire Qualcomm, another major chip-maker and upstream supplier for Apple. This strategic M&A deal would be the biggest takeover in the history of the technology industry. In the broader context of consolidation within the semiconductor industry, the Broadcom-Qualcomm empire's services would reach almost every smartphone in the world.

Although Qualcomm intends to reject this takeover bid and portrays it as cheap and opportunistic, Broadcom's close connections to the Trump administration can be viewed as a new template for savvy deal makers and tech executives to politically maneuver mergers and acquisitions under the Trump administration.

 


If any of our AYA Analytica financial health memos (FHM), blog posts, ebooks, newsletters, and notifications etc, or any other form of online content curation, involves potential copyright concerns, please feel free to contact us at service@ayafintech.network so that we can remove relevant content in response to any such request within a reasonable time frame.

Blog+More
MIT professor and co-author Daron Acemoglu suggests that economic prosperity comes from high-wage job creation.
Fiona Sydney

2019-05-19 19:31:00 Sunday ET

MIT professor and co-author Daron Acemoglu suggests that economic prosperity comes from high-wage job creation.

MIT professor and co-author Daron Acemoglu suggests that economic prosperity comes from high-wage job creation. Progressive tax redistribution cannot achiev

+See More
President Trump refreshes his public image through his presidential address to Congress.
Daisy Harvey

2017-02-01 14:41:00 Wednesday ET

President Trump refreshes his public image through his presidential address to Congress.

President Trump refreshes his public image through his presidential address to Congress with numerous ambitious economic policies in order to make America g

+See More
Macro eigenvalue volatility helps predict some recent episodes of high economic policy uncertainty.
James Campbell

2020-09-15 08:38:00 Tuesday ET

Macro eigenvalue volatility helps predict some recent episodes of high economic policy uncertainty.

Macro eigenvalue volatility helps predict some recent episodes of high economic policy uncertainty, recession risk, or rare events such as the recent rampan

+See More
Amazon follows Apple to become the second U.S. public corporation to hit $1 trillion stock market valuation.
Dan Rochefort

2018-09-03 09:31:00 Monday ET

Amazon follows Apple to become the second U.S. public corporation to hit $1 trillion stock market valuation.

Amazon follows Apple to become the second American public corporation to hit $1 trillion stock market valuation. Amazon's founder and chairman Jeff Bezo

+See More
Trump imposes tariffs on steel and aluminum in a trade war with some exemptions for Canada and Mexico.
Olivia London

2018-03-01 07:35:00 Thursday ET

Trump imposes tariffs on steel and aluminum in a trade war with some exemptions for Canada and Mexico.

Trump imposes high tariffs on steel (25%) and aluminum (10%) in a new trade war with subsequent exemptions for Canada and Mexico. The Trump administration&#

+See More
Fed Chair Jerome Powell answers CBS News 60 Minutes questions about the recent U.S. economic outlook.
Dan Rochefort

2019-03-29 12:28:00 Friday ET

Fed Chair Jerome Powell answers CBS News 60 Minutes questions about the recent U.S. economic outlook.

Federal Reserve Chair Jerome Powell answers CBS News 60 Minutes questions about the recent U.S. economic outlook and interest rate cycle. Powell views the c

+See More