Report: US Treasury chides Broadcom for failure to notify of HQ move
by from Techreport on (#3J042)
Broadcom's attempt to take control of Qualcomm is a tech business story that will seemingly never stop giving. In this latest episode, Reuters reports that the Singapore-based silicon design firm disobeyed orders from the US Treasury Department when it started a plan to move its headquarters from Singapore to California without giving sufficient notice to the Committee on Foreign Investment in the United States (CFIUS).
According to Reuters, CFIUS member Aimen Mir wrote in a letter on Sunday, addressing both companies, that Broadcom "took a series of actions in violation" of a March 5 Treasury Department order. Namely, Broadcom was supposed to inform the CFIUS five business days before making any moves to ...