WASHINGTON — President Donald Trump is blocking Singapore-based Broadcom's takeover of U.S. chipmaker Qualcomm on national security grounds.
The White House says Trump is taking the action on the recommendation of the Committee on Foreign Investment in the United States, which reviews foreign purchases of U.S. entities. Broadcom made an unsolicited bid last year to take over Qualcomm, which has been met by shareholder skepticism and regulatory scrutiny on security and antitrust grounds.
Broadcom is in the process of moving its legal headquarters from Singapore to the U.S., with the company planning on finishing the move by April 3, 2018. Trump hosted Broadcom CEO Hock E. Tan in the White House last year as he announced the move, and the company had hoped that would help it skirt the national security review.
County projects in progress or coming soon
County builders are moving ahead on at least 20 housing projects, including:
In Santa Rosa and Roseland:
Village Station, 110-unit multi-family subdivision, near Sebastopol Road
Paseo Vista, 122 single-family units and 15 triplexes, on Dutton Avenue
Aria Place, 55-unit single-family project, on San Miguel Avenue
Skyhawk 9 and 10, 35-unit single-family project, near Sunhawk Drive
Rincon Place, 32 single-family units, near Mission Boulevard and Hwy. 12
In Rohnert Park:
University District, 400 units for the first phase
Southeast Specific Plan Area, 100 units for phase one
Reserve at Dowdell, 84-unit multi-family project on Dowdell Avenue
Victoria Oaks, 84 single-family units and six duplexes on Hembree Lane
The Artisan, a 144-unit apartment complex on Maria Drive