The deal was prohibited at the recommendation of a Treasury Department committee that reviews transactions for nation security implications.
The order directs Broadcom to end its proposed takeover of the San Diego tech giant.
The Committee on Foreign Investment in the United States, which is investigating Broadcom's proposal to acquire Qualcomm, said the transaction would harm national security.
Custom Content from the San Diego Business Journal
The 2017 tax reform legislation, commonly referred to as the Tax Cuts and Jobs Act, has a significant impact on individual taxpayers as well as businesses.
The move comes as the company readies for a meeting at which its shareholders will vote whether or not to replace the majority of its board with Broadcom nominees.
Companies that are selected get introductions to prospective mentors, advisors and investors.
The Boys & Girls Clubs of Carlsbad announced that it has offered its gym free of charge to Ethan Hope, an enterprising young man with a big heart.
Jeffrey Henderson, an independent Qualcomm director, will now head the board as its non-executive chairman.
The company, which quotes more than $3 billion annually, is the largest privately held insurance company in California.
Millennials are driving demand for sustainable investment options.
Investors Increasingly Seek Outlets For Social, Environmental Options
Demographic changes and the availability of more information than ever about businesses’ operations are contributing to a shift toward sustainable and impact investment options.
The firms combined will serve more than 10,000 companies across the U.S.
Derek Barclay, cofounder of LoanHero, is relocating to Georgia, where LendingPoint is headquartered.
Qualcomm investors were slated to vote March 6 on whether to give Broadcom a majority on Qualcomm's board of directors. The Committee on Foreign Investment in the United States has ordered the meeting delayed.
Certain California universities have a reputation for churning out companies in addition to ground-breaking research.