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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.