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CFIUS Weighs in on Broadcom/Qualcomm Fight

On March 4, 2018, in a historic intervention, the Committee on Foreign Investment in the United States (CFIUS) signed an interim order mandating that Qualcomm Inc., a leading U.S. chip maker, postpone its annual meeting of shareholders for 30 days in order to provide CFIUS with time to conduct an initial review of the hostile bid by Broadcom Ltd., a Singapore-based semiconductor company.