China just torpedoed a major global deal between two non-Chinese chipmakers. By refusing to grant regulatory approval to the deal, the Chinese commerce department effectively blocked it. This could be direct retaliation for Trump's denial of a Broadcom-Qualcomm linkup on national security grounds. It is also a signal of China's market power. Some thoughts below
Revisiting the proposed Broadcom takeover of Qualcomm
Broadcom made an extraordinary $117 billion bid for US chip giant Qualcomm, the company whose semiconductors are at the core of wireless handsets, with a deep portfolio of patented technology. So powerful is Qualcomm in the mobile space that the European Commission opened two separate antitrust investigations in 2015 into whether it was abusing its market position in baseband chi...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.