Deals
Broadcom Chief Lobbies Treasury in Bid to Salvage Qualcomm Deal
- Security panel warns of possible Trump veto for chipmaker deal
- CEO Hock Tan met with U.S. security officials in D.C. Monday
Intel Said to Consider a Defensive Bid for Broadcom
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Broadcom Ltd. Chief Executive Officer Hock Tan met with Treasury Department officials in Washington Monday in a bid to address the U.S. government’s concerns that his hostile bid for rival chipmaker Qualcomm Inc. threatens national security.
Tan sat down with senior members of a panel led by the Treasury Department to explain that the company’s planned investments in Qualcomm would be good for U.S. national security, according to a person familiar with the meeting.