In November 2017, after President Trump’s “Make America Great Again” protectionism called for victory, President Broadcom CEO Hock Tan attended the White House press conference. Trump also announced that Broadcom’s statutory headquarters will be relocated to the United States, showing that Broadcom’s move appears to be supported by Trump’s endorsement. Shortly thereafter, Broadcom announced that it would hostile acquisition of Qualcomm. However, based on national security concerns, the US Government Foreign Investment Review Commission (CFIUS) rarely rushed to 3 On the eve of Qualcomm's shareholders meeting on the 6th of June, a sudden release was made. The general meeting of shareholders was ordered to be postponed for another month and CFIUS will intervene to investigate. This rare action actually reflects the desire of more overseas companies to set up factories in the United States after Trump takes office. As a result, the United States is now facing the potential problem that overseas companies can evade CFIUS mergers and acquisitions, and can easily acquire U.S. companies in the name of U.S. domestic companies. This also shows the conflict between Trump's new protectionism. According to the Financial Times (FT), Bloomberg and the New York Times (NYT) reported that Trump’s new protectionism is actually equivalent to the desire of overseas companies to purchase large-scale US companies. Convenience is also tantamount to putting U.S. national security at risk. If CFIUS did not intervene with Broadcom and the High Pass investigation prior to the announcement of the merger, it would fear that overseas players might find themselves in another way to acquire more U.S. companies through Broadcom's model. Saying that Trump believes that the protection of the U.S. economy and manufacturing industry will benefit the United States instead of exposing the United States to a bigger crisis of national security and causing the risk of catching up or even surpassing the mainland in fields such as science and technology. In addition, In the end, CFIUS still intervenes in the management of Broadcom and Qualcomm. It also shows whether Chen Fuyang had taken any measures to win over Trump so that he could enter the White House to hold a press conference with Trump. However, these efforts by Chen Fuyang and Broadcom may have been possible. Seems to be wasted at this moment.Because in the middle of May after Bertone legal quarter will be possible to move back to the United States, and before the annual general meeting of Qualcomm, CFIUS was hurried at the last moment, in addition to the Qualcomm is not malicious A major guarantee for the acquisition, and also for any future overseas companies wishing to imitate Broadcom’s plan to relocate headquarters to the United States, The strategy of evading CFIUS review has been deterred. Therefore, it can be said that CFIUS rarely intervenes to investigate Broadcom and the case of Qualcomm at the last moment, and it also has great effect on the external declaration of the US government, especially the frequent movement of U.S. corporate mergers and acquisitions in recent years. For mainlanders, it is worth noting that Broadcom, which is currently headquartered in Singapore, currently has alliances with a number of mainland state-owned companies. The Trump administration only met Chen Fuyang in front of the White House press conference in November 2017. A seemingly two-pronged, but only four months after Broadcom sees the contrast between suspicious overseas players, it shows signs of further warming in the U.S. government interventionism, and CFIUS intervenes in the investigation to confirm that Trump's speculation on 'interventionism'. Regarding CFIUS's involvement in the investigation and the postponement of the Qualcomm shareholders' meeting, Botong issued a statement that this was related to Qualcomm’s confidential submission of a voluntary survey request to CFIUS on January 29, and stated that this was Openly and desperately moving in order to avoid hostile takeovers. The outside view that Qualcomm does not need to investigate, after CFIUS internal There are voices that should be involved in the investigation by the 6th From a tax law point of view, tax expert Bob Willens said that if overseas companies attempt to acquire U.S. companies, relocating their headquarters from overseas to the United States is a relatively easy way and will not expose shareholders to Any tax burden, and the relocation of the head office to the United States, most of the business without the need to move to the United States operations, and does not need to hide the true intentions of headquarters relocated to the United States, as Broadcom, but CFIUS is now precedent, if similar in the future If China Broadcom and Qualcomm are involved in this kind of merger and acquisition case that is suspected of being threatened by the United States and the United States, CFIUS may still come to the rescue. However, in recent years, the US government is worried that US companies are being merged overseas. This also shows that the United States’ science and technology industry is frequently faced with especially the mainland’s development of national strength. Threats to technology industry.
