Qualcomm Inc., the U.S. company that makes the chips used in many popular smartphone models, has decided to terminate a joint venture with the government of China’s Guizhou province. The company established by this venture in 2016, Huaxintong Semiconductor Technologies (HXT), will reportedly cease operations by April 30.
The settlement between Apple and Qualcomm could speed the deployment of 5G phones to U.S. consumers.
A massive lawsuit between Apple and Qualcomm about illegal patent licensing is getting ready to begin in San Diego. Apple seeks $27 billion from Qualcomm, while that company’s counterclaims run to $15 billion, all centered on the relationship between the two companies about licensing patents key to Apple’s products.
Gordon Chang warned that America is “unsafe” with Steve Mnuchin in a leadership position in trade negotiations with China.
President Donald Trump’s strategic pivot toward tariffs marks the ascent of National Trade Council Director and former University of California Irvine professor Peter Navarro, who has warned Americans for a decade against committing “Death by China.”
Contents: Trump blocks Broadcom acquisition of Qualcomm over national security; Government urges not doing business with China’s Huawei and ZTE
Herbert London, president of the London Center for Policy Research and former president of the Hudson Institute, warned of threats posed to the U.S. by China’s ascendance in the realm of technological innovation.
Rick Manning told Breitbart News that if Trump were to approve the Qualcomm takeover, the “Chinese would have controlled everything we do on the Internet.”
“The proposed takeover of Qualcomm is prohibited, and any substantially equivalent merger, acquisition, or takeover, whether effected directly or indirectly, is also prohibited,” the president said in an order issued Monday.
Gordon Chang, an expert on China and columnist at The Daily Beast, called on the Trump administration to block Broadcom’s hostile takeover attempt of Qualcomm in the interest of national security.
President Barack Obama is scheduled for a private visit to San Diego Saturday evening through Monday afternoon.
