Broadcom Aims To Calm CFIUS Woes With 5G R&D Plan

Law360 (March 7, 2018, 2:31 PM EST) -- Broadcom on Wednesday promised to continue research and development efforts in 5G technologies if its $117 billion bid for Qualcomm goes through, in an effort to alleviate the Committee on Foreign Investment in the United States’ concerns that the tie-up would harm national security.

The comments come the day after the release of a letter from the U.S. Department of the Treasury that detailed the reasoning behind a CFIUS order delaying a shareholder vote at which Broadcom Ltd. is attempting to elect six independent directors to...
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