A pledge: Broadcom promised to make America a global leader in 5G networks in hopes of easing government fears that its hostile Qualcomm takeover would derail mobile tech leadership.
U.S. officials worry that if Broadcom succeeds in its hostile takeover of Qualcomm, that might weaken the chipmaker and open the door for China to become the leader in next-gen wireless tech.
U.S. regulators have ordered a delay in Qualcomm's annual shareholder meeting so they can review a proposed $117 billion hostile takeover bid by Broadcom for national security concerns.
Chipmaker Broadcom is betting that Qualcomm shareholders are angry enough about the past three rough fiscal years to throw out a majority of the company's 11-member board of directors.
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