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Expert Analysis

Why CFIUS Intervened In Broadcom's Bid For Qualcomm

By Drew Svor, Brian Weimer and Reid Whitten (March 20, 2018, 12:29 PM EDT) -- Since late 2017, Singapore-based semiconductor company Broadcom Ltd. has been pursuing a $117 billion hostile takeover bid for Qualcomm Inc., its U.S.-based rival whose chips are omnipresent in U.S. telecommunications infrastructure, including consumer devices like smartphones and tablets. As part of its hostile bid, Broadcom nominated its own slate of six directors who were to be voted on at Qualcomm's annual stockholders meeting, originally scheduled for March 6th....

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