Brian Fleming Comments on CFIUS Scrutiny, Security Concerns in The Wall Street Journal

"How Cellphone Chips Became a National-Security Concern"

The Wall Street Journal

03.07.2018

Brian Fleming commented on the decision by the Committee on Foreign Investment in the United States (CFIUS) to probe Broadcom Ltd.'s $117 billion hostile bid for rival cellphone-chip maker Qualcomm Inc. In a letter to the parties, the Committee said a main reason for its intense scrutiny of the deal is to ensure that the U.S. remains a leader in wireless technology and innovation. "These are not things that have immediate consequences in the next six months or year, but the government is looking five years, 10 years down the road," said Fleming, who reviewed CFIUS transactions for the U.S. in his role as a former Justice Department counsel. The thinking is "if we don’t act now, we’re going to have a serious problem," he said.