Semi-conductor manufacturer Broadcom, which recently failed in a bid to buy US rival Qualcomm, has transferred its headquarters from Singapore to the US as promised. The move effective Wednesday was approved by shareholders on March 23 and then endorsed by the High Court of the Republic of Singapore on April 2, the company said.
"The completion of our redomiciliation to the United States marks an important milestone in our company's history as Broadcom has been an American company in every respect but our legal domicile," said CEO Hock Tan. Last month President Donald Trump issued an order barring the proposed $117 billion hostile takeover of Qualcomm, citing what he called "credible evidence" such a deal "threatens to impair the national security of the United States."
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