On Monday, President Trump blocked the Singapore-based chip manufacturer Broadcom from its $117 billion bid on rival Qualcomm.
The federal Committee on Foreign Investment in the United States had found that the purchase would benefit Chinese competitors attempting to produce next-generation mobile technology, and would also eliminate a supplier of telecommunications technology for federal defense agencies, Politico reports. This would have been the largest tech takeover in U.S. history.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Sweden's Soft Hooligans: the fans who brought 'good vibes' to the EurosUnder the Radar Formed to create a fun fan atmosphere, the Swedish football supporter group has been bringing the party to the championship
-
Crossword: July 18, 2025The Week's daily crossword
-
Sudoku hard: July 18, 2025The Week's daily hard sudoku puzzle
-
AMC hopes new ticket discounts will reinvigorate the movie theater industryIn the Spotlight The theater chain now has 50% discounts on both Tuesdays and Wednesdays
-
The FTC is pushing back against false 'Made in the USA' claimsThe Explainer The agency has dubbed July 2025 'Made in the USA' month
-
Dollar faces historic slump as stocks hit new highSpeed Read While stocks have recovered post-Trump tariffs, the dollar has weakened more than 10% this year
-
Higher toy prices from Trump's tariffs have arrivedIn the Spotlight Three out of four toy products in the US come from China
-
Economists fear US inflation data less reliablespeed read The Labor Department is collecting less data for its consumer price index due to staffing shortages
-
'Wrench attacks' are targeting wealthy crypto mogulsThe Explainer The attacks are named for physical coercion that can be used to gain crypto passwords
-
Trump is trying to jump-start US manufacturing. Is it worth it?Today's Big Question The jobs are good. The workers may not be there.
-
Crypto firm Coinbase hacked, faces SEC scrutinySpeed Read The Securities and Exchange Commission has also been investigating whether Coinbase misstated its user numbers in past disclosures
