Cotton Statement on CFIUS Review of Broadcom's Bid for Qualcomm
Contact: Caroline Rabbitt Tabler (202) 224-2353
Washington, D.C. - Senator Tom Cotton (R-Arkansas) today released the following statement on the Committee on Foreign Investment in the United States's decision to delay a Qualcomm shareholder meeting to allow for a more extensive review of a takeover bid by Broadcom:
"Qualcomm's work is too important to our national security to let it fall into the hands of a foreign company-and in a hostile takeover no less. I raised concerns about this proposed takeover to the Treasury Department directly, and I commend the Committee on Foreign Investment in the U.S. for putting it on hold. It's hard to see a good reason why we should hand over one of our leading computer-chip makers, and thereby give Chinese companies a leg-up in the race to develop 5G and the next generation of technology. Better to keep it in American hands and protect American national security."