The War to Build a 5G Network
Recently, the Council on Foreign Investment in the United States (CFIUS) blocked a hostile takeover of technology giant Qualcomm by its Singapore based rival Broadcom. CFIUS cited national security concerns as Qualcomm competes heavily in building the latest 5G network against Chinese based Huawei. They fear a takeover by Broadcom could result in reduced research and development for the American company as it competes abroad. In response, the Chinese government stalled Qualcomm’s bid to takeover NXP Semiconductors as tensions between the two nations heighten over tariffs on Chinese goods, including high-tech sectors. Chinese Huawei and American Qualcomm are the only two fierce competitors building a global 5G network.
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