It’s too late now for semiconductor giant Broadcom to convince President Trump the company’s broad operations pose no threat to US national security, but for what it’s worth, the retired Qualcomm bidder has officially delivered on its promise from a few months back. Yesterday’s completion of the¬†redomiciliation¬†process could go a long way in smoothening potential future acquisitions of smaller American companies by this clearly ambitious designer, developer and global supplier of digital and analog semiconductor connectivity solutions.

For the time being, Broadcom merely insists on the obvious and direct impact of its actions on the US economy, highlighting “several hundred million dollars” will be paid in additional domestic taxes, with $3 billion annually to be invested in research and engineering, and another $6 billion in manufacturing.

No words on any strategic, long-term goals, like perhaps a renewal of buyout negotiations with current chip-making rival Qualcomm. Just a repeat of previous CEO Hock Tan statements about America “once again” being “the best place for Broadcom to do business.” Also, a reminder that the company was already American “in every respect but our legal domicile.”

Said domicile has been moved from Singapore to Delaware, and the existing San Jose, California co-headquarters is now the company’s “sole headquarters as a U.S. corporation.” Employees, “day-to-day business and operations”, and services to customers will not be impacted in any meaningful way by the redomiciliation procedure. It’s basically all a formality, but one that could have helped Broadcom close its Qualcomm acquisition.

You May Also Like

Coronavirus has also affected global smartphone shipments

Smartphone shipments have suffered a huge drop in February, the most significant drop ever recorded in smartphone market history, and here’s why

Redmi K30 Pro 5G will support dual OIS on 64MP and telephoto camera

The phone will be launched on March 24.

Xiaomi beats Huawei in smartphone sales for the first time

Xiaomi has taken third place in smartphone sales in February. Now we will have to wait and see if Huawei manages to take it back