Congress weighs foreign investment against national security as Trump blocks $117B deal

By Tony Bertuca / March 15, 2018 at 5:00 PM
On the heels of President Trump's executive order to block Singapore-based Broadcom's $117 billion bid to buy U.S. chip maker Qualcomm, the Pentagon's top industrial base official urged lawmakers today to further expand the authority of the powerful and secretive government committee that helped kill the deal. Eric Chewning, deputy assistant secretary of defense for manufacturing and industrial base policy, said the powers of the Committee on Foreign Investment in the United States should be broadened to protect U.S. technologies...

Not a subscriber? Sign up for 30 days free access to exclusive, behind-the-scenes reporting on defense policy and procurement.

Log in to access this content.