Balancing act: Chip giant Qualcomm caught between Washington and Beijing


Chip maker Qualcomm, blocked this week from a takeover bid amid national security fears, was already walking a Pacific tightrope: it has government and defence contracts in the United States, but two-thirds of its revenue come from China.

US President Donald Trump on Monday halted microchip maker Broadcom’s US$117 billion takeover of Qualcomm over concerns it would give China the upper hand in the next generation of mobile communications, forcing the Singapore-based firm to drop…

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