Re:Trump Issues Order to Block Broadcom’s Takeover of Qualcomm
by c1utch1 on Monday March 12, 2018 @09:17PM
(#16573176)
Not true. Moving your legal address to the US doesn't make it a US company. The headquarters is currently in Singapore.
Re:Trump Issues Order to Block Broadcom’s Takeover of Qualcomm
by steviecleveland on Monday March 12, 2018 @09:39PM
(#16573280)
Wasn't Broadcom founded by a few UCLA folks in the early 90's?
Re:Trump Issues Order to Block Broadcom’s Takeover of Qualcomm
by oldgradstudent on Monday March 12, 2018 @09:50PM
(#16573328)
Broadcom was acquired by Avago, which then changed its name to Broadcom.
Re:Trump Issues Order to Block Broadcom’s Takeover of Qualcomm
by ryanhuff on Monday March 12, 2018 @10:05PM
(#16573402)
Yes. The founders still have some involvement in the company that acquired Broadcom a couple of years ago.
Re:Trump Issues Order to Block Broadcom’s Takeover of Qualcomm
by adventured on Monday March 12, 2018 @10:00PM
(#16573377)
They're owned by American capital, they're controlled and influenced by a lot of American interests, sure. They're not domiciled in the US any longer. That's a critical legal aspect for CFIUS as it pertains to national security and jurisdiction.
It'd be like if Yahoo and SoftBank controlled the majority of Alibaba presently (SoftBank for its part still has 29%). That still wouldn't give them control of Alibaba due to the broader context of China. The fact of the matter would be, Alibaba would still a Chinese corporation that operates under Chinese law.
Avago was spun out of HP in 1999 (American). They were acquired by KKR and Silver Lake Partners in 2005 (both American). Listed on the NASDAQ in 2009. Bought CyOptics in 2013 (American). Bought LSI in 2013 (American). Bought PLX in 2014 (American). Bought Emulex in 2015 (American). And finally bought Broadcom in 2015, closing in January 2016 (American). Then they renamed themselves Broadcom. They moved their legal address from Singapore to Delaware in 2017. Sure their current CEO (Tan Hock Eng) was born in Malaysia, but he has been an executive at various American companies for decades.
They are American all the way down.