Broadcom to buy Symantec's enterprise unit for US$10.7 billion
Broadcom said the deal is expected to close in the first quarter of its fiscal year 2020 and is subject to regulatory approvals in the United States, European Union and Japan.
Broadcom said the deal is expected to close in the first quarter of its fiscal year 2020 and is subject to regulatory approvals in the United States, European Union and Japan.
Chipmaker Qualcomm Inc has begun cutting jobs as part of its promise to investors to cut costs by US$1 billion, Bloomberg reported on Wednesday, citing people familiar with the matter.
Singapore-based Broadcom has withdrawn its US$117 billion bid to acquire Qualcomm, two days after U.S. President Donald Trump blocked the attempt citing national security concerns.
U.S. President Donald Trump has issued an order prohibiting semiconductor maker Broadcomd's proposed takeover of Qualcomm on grounds of national security, bringing an end to what would have been the technology industry's biggest deal ever.
The U.S. Treasury Department told Singapore-based Broadcom it confirmed some of its national security concerns about the chipmaker's unsolicited bid to buy rival Qualcomm, in an apparent attempt to block any deal before it is signed.