By FDI Creative Services on 03/12/2018
Category: Security News

U.S. government says Broadcom violated order in Qualcomm merger bid

WASHINGTON (Reuters) - Chipmaker Broadcom Ltd (AVGO.O) violated an order from a national security panel in a bid to push for a merger with rival Qualcomm Inc (QCOM.O), the U.S. Treasury Department said in a letter.

The logo of Qualcomm is seen during the Mobile World Congress in Barcelona, Spain February 27, 2018. REUTERS/Yves Herman

The letter, which was dated Sunday, said that Broadcom “took a series of actions in violation” of a previous order from Treasury.

Broadcom has been seeking to merge with Qualcomm, which has sought to fend off the takeover.

Reporting by Diane Bartz; Editing by Chizu Nomiyama

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