Broadcom expects to redomicile to US by April 3

[SINGAPORE] Singapore-based Broadcom Ltd said on Monday it expects to complete the process of redomiciling to the United States by April 3.

The chipmaker's US$117 billion offer to buy California-based Qualcomm Inc is being reviewed by the Committee on Foreign Investment in the United States (CFIUS) for potential national security threats.

Broadcom said US national security concerns are not a risk to the closure of the proposed buyout as it never planned to acquire the company before it completes redomiciliation.

REUTERS