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.
-
Book reviews: 'The Thinking Machine: Jensen Huang, Nvidia, and the World’s Most Coveted Microchip' and 'Who Is Government? The Untold Story of Public Service'Feature The tech titan behind Nvidia's success and the secret stories of government workers
-
Mario Vargas Llosa: The novelist who lectured Latin AmericaFeature The Peruvian novelist wove tales of political corruption and moral compromise
-
How to see the Lyrid meteor showerThe explainer A nice time to look to the skies
-
Markets notch worst quarter in years as new tariffs loomSpeed Read The S&P 500 is on track for its worst month since 2022 as investors brace for Trump's tariffs
-
Discount stores were thriving. How did they stumble?The Explainer Blame Walmart — and inflation
-
Tesla Cybertrucks recalled over dislodging panelsSpeed Read Almost every Cybertruck in the US has been recalled over a stainless steel panel that could fall off
-
Could a private equity deal be the end of Walgreens?Today's Big Question The pharmacy chain will be taken private in a $10 billion deal
-
Eggs too pricey? Rent a chicken.Under the Radar The cost of eggs increased more than 15% in January
-
Crafting emporium Joann is going out of businessSpeed Read The 82-year-old fabric and crafts store will be closing all 800 of its stores
-
Will Trump's tariffs hurt Walmart?Today's Big Question The world's biggest retailer 'isn't immune' to trade impacts
-
Store closings could accelerate throughout 2025Under the Radar Major brands like Macy's and Walgreens are continuing to shutter stores
