Deals
Broadcom Will Abandon Attempt to Acquire Qualcomm
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Broadcom Ltd. formally abandoned its attempt to acquire rival chipmaker Qualcomm Inc. after U.S. President Donald Trump blocked the deal citing national security risks.
“Although we are disappointed with this outcome, Broadcom will comply,” the company said in a statement, bringing an official end to a months-long battle to land the technology industry’s biggest ever deal.