Broadcom’s Bid for Qualcomm Ignites Debate Within Administration 

Members of a U.S. national security panel are locked in a dispute over a hostile takeover bid for chip giant Qualcomm Inc., pitting officials in the departments of Justice and Defense against Treasury Secretary Steven Mnuchin.

In a meeting Tuesday, members of the Committee on Foreign Investment in the U.S., known as CFIUS, debated whether the panel has the right to weigh in on Singapore-based Broadcom Ltd.’s bid of $117 billion for Qualcomm before a deal is struck, according to people briefed on the matter.