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Trump Prohibits Broadcom's Takeover of Qualcomm Due to National Security Concerns [Updated]
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Well, having seen firsthand the odd things that happen inside ZTE hardware I can't say that the US government is wrong. You can hide a whole bunch of stuff at that level that could completely wipe out the communications infrastructure and it would be very difficult to find.
Why equate a Chinese company to a company based in the US with its address in Singapore?
This sounds like a big government move. I thought conservatives don’t like big government. Especially ones trying to control a private business.
Yes. China continues to liberalize its economy, while the U.S Continues an opposite economic path. Nationalism, authoritarianism, or homogeneity, has nothing to do with economic policy. The only way China can maintain its economic growth is by liberalizing and reforming. This is one of the reasons for Xi to consolidate power: the only way forward is through more reform, which will create lots of political and economic enemies who benefit immensely from the previous system of Stated Owned Enterprises with unlimited financing from the Government.
The point being, the only way to liberalize the economy is to politically isolate those who advocate against reforms. Xi is doing just that. Granted, Xi will reward those who support his liberalization policies with preferential government oversight. But the fact remains, China is opening itself up to trade and investment, slowly but surely, while American is closing itself to trade and investment, slowly but surely. If this continues into the future, it is obvious that China will become an economic super power far outpacing EU and America combined.
Any administration would have done this. But good for the DT administration for doing what's right.
Warmly, I imagine. Their CEO is friends with Trump, IIRC.
So that's why they don't want to say it would be huge.
The Chinese can always block it then.
Another Executive Order?!??? When exactly did we turn the presidency into the legislature? I could swear the GOP was dead set against EO??? Did I hear them wrong? Or are EOs only bad when the other party is doing it?
[doublepost=1520916015][/doublepost]
Only one of those things is correct.
[doublepost=1520916015][/doublepost]
Only one of those things is correct.
Liberals don’t believe water is wet? That explains a lot actually
Trump made the right call on this, and I hope it stays that way !
Did you see the vote in China just yesterday ???
If so, you'll then probably know why this was announced today !
Singapore is NOT China, but Broadcom becomes a takeover target by some BIG Chinese company with gov't ties, if Broadcom we're to acquire Qualcomm.
If that happened, it could be disastrous for the U.S, as well as Europe.
I have ZERO trust in the Chinese gov't after yesterday's vote ! ... had little before, now it's at ZERO !
Tim Cook is also probably very worried about the implications of the vote in China.
If I was Cook, I would start migrating half of Apple's manufacturing to Mexico, just to play it safe.
Did you see the vote in China just yesterday ???
If so, you'll then probably know why this was announced today !
Singapore is NOT China, but Broadcom becomes a takeover target by some BIG Chinese company with gov't ties, if Broadcom we're to acquire Qualcomm.
If that happened, it could be disastrous for the U.S, as well as Europe.
I have ZERO trust in the Chinese gov't after yesterday's vote ! ... had little before, now it's at ZERO !
Tim Cook is also probably very worried about the implications of the vote in China.
If I was Cook, I would start migrating half of Apple's manufacturing to Mexico, just to play it safe.
You do realize that Trump wants the same thing for the USA as what China voted for, n'est-ce pas?
It would seem to everyone that he needs to be reminded of the 22A.
BL.
Why is it every time I say something against Agent Orange, his supporters assume I’m a liberal?
There are real conservatives, independents and especially libertarians that are against agent orange.
Ask Elon Musk. 100% ownership of his own company in China up my ass.
This business practice in China is pathetic having to give up 50% so that they can steal your IP and eventually kick you out. Hello Google Amazon
[doublepost=1520928877][/doublepost]His huge fails?
This business practice in China is pathetic having to give up 50% so that they can steal your IP and eventually kick you out. Hello Google Amazon
Elon
[doublepost=1520928877][/doublepost]His huge fails?
There is no way this is a good decision.
For it to be a good decision it would need to be part of a well-defined policy, but in this case we see the arbitrary application of executive action with no real rationale beyond the dubious claim of national security.
Broadcom (AVGO: NASDAQ) and Qualcomm (QCOM: NASDAQ) are both publicly traded companies, they're multi-nationals and preventing them merging seems strange in the climate of business since the Reagan years. Even if you're glad they're not merging, which I am (I want to see more small companies not fewer monopolies), process matters. It matters how a decision is made and it matters what this means generally going forward. The most important thing for any economy is stability and if this administration has shown anything it has no understanding of how government works, its mission or the value of creating a stable place to do business.
For it to be a good decision it would need to be part of a well-defined policy, but in this case we see the arbitrary application of executive action with no real rationale beyond the dubious claim of national security.
Broadcom (AVGO: NASDAQ) and Qualcomm (QCOM: NASDAQ) are both publicly traded companies, they're multi-nationals and preventing them merging seems strange in the climate of business since the Reagan years. Even if you're glad they're not merging, which I am (I want to see more small companies not fewer monopolies), process matters. It matters how a decision is made and it matters what this means generally going forward. The most important thing for any economy is stability and if this administration has shown anything it has no understanding of how government works, its mission or the value of creating a stable place to do business.
Trumps probably just holding out awaiting some back channel bribery payment/business loan made to his or son-in-laws business.
That's not true. It's produced in a Free Trade Zone, which exempts it from many of its domestic investment laws.
http://fortune.com/2017/10/22/tesla-car-factory-shanghai-china/
https://www.cnbc.com/2017/10/23/mus...ake-cars-in-shanghai-chinas-new-ev-rules.html
This is part of my previous post that China is, in fact, liberalizing, albeit at a slow pace. It's only a matter of time before these Free Trade Zones are expanded and these tariffs and reduced. China has a history of reducing tariffs on consumer goods over the past few years. It has recently suggested lowering tariffs on cars as well.
http://www.bbc.com/news/business-42107311
So, yeah... While China continues to liberalize and open its economy to promote domestic consumption and increase competition, the U.S is doing the exact opposite.