Broadcom Ltd. AVGO -0.04% has taken its fight to buy Qualcomm Inc. QCOM -1.07% to U.S. lawmakers in its latest attempt to ease concerns over its proposed takeover of the company.
“The bottom line is that a combined, American Broadcom-Qualcomm will be a more focused and stronger champion for sustained United States leadership in 5G than a standalone Qualcomm, an outcome that strongly supports America’s national security interests,” Broadcom Chief Executive Hock Tan said in a letter to 15 members of Congress.
Earlier this week, the Treasury Department’s Committee on Foreign Investment in the U.S. ordered Qualcomm to postpone its shareholder meeting so that the interagency group could review the proposed $117 billion takeover of the chip maker.
Broadcom on Wednesday said it wanted to invest $1.5 billion in American engineers and that it wants the U.S. to become a 5G leader.
Write to Allison Prang at allison.prang@wsj.com
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