Singapore-based Broadcom Ltd. said Wednesday it still plans to redomicile to the U.S. after the Trump administration forced it to withdraw its hostile bid for U.S. chip maker Qualcomm Inc.
Broadcom earlier this week said it expects to complete the redomiciling process in April, about a month earlier than originally planned. Redomiciling would have allowed Broadcom to evade review of the U.S. panel that reviews foreign deals, but a Monday order from President Donald Trump ended Broadcom’s acquisition hopes.
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