swift decision this week to block a Singapore-based company from gaining control of #Qualcomm
grew out of a White House push to wall off American industry from foreign competition, primarily China, under the guise of protecting national security. The Trump administration, in ways that are largely unprecedented in modern history, has begun wielding national security as a club, using it to strike other nations with protectionist measures like tariffs, visa restrictions and curbs on foreign investment.
The fight over Qualcomm played into the administration’s agenda, with the Committee on Foreign Investment in the United States, a government panel known as #Cfius
, seizing the opportunity to protect an American company whose semiconductors power the smartphones and tablets of today and could guide the autonomous vehicles of tomorrow.
#Mergers #DealMaking #Takeovers #Acquisitions #Technology #MergerandAcquisition #TechCompanies #FailedMerger #Regulators #Broadcom
Trump’s Killing of Chip Deal Pushes #Protectionism
as It Invokes Security