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Trump Signs Order Banning Broadcom from Buying Qualcomm: Bloomberg

Capping off a tumultuous day of announcements and rumors and innuendo, Bloomberg staff writers this afternoon report that U.S. President Donald Trump has signed an order from the Treasury Department's CFIUS ordering Broadcom (AVGO) to relinquish its hostile bid for fellow chip maker Qualcomm (QCOM) U.S. President Donald Trump signed an order blocking Broadcom’s proposed purchase of Qualcomm, citing national security concerns, Bloomberg News reports. CNBC's David Farber tweeted moments ago that the CFIUS order bans Broadcom from ever trying to buy Qualcomm.