CFIUS Must Permanently Block a Hostile Takeover of Qualcomm

This is Frank Gaffney with the Secure Freedom Minute.

It’s not often that I get to share some good news, but this is one such occasion. Yesterday, we warned that the board of Qualcomm, an American company specializing in state-of-the-art telecommunications innovations was going to be forced today to turn over its intellectual property and patents to a foreign firm with ties to Communist China. 

While the Chinese and their surrogates have long plundered Silicon Valley, Qualcomm is the American pioneer in 5G wireless technology for the so-called “internet of things.” It would be national security folly, to say nothing of a U.S. privacy and economic nightmare, to render us dependent for these on a hostile power.

Fortunately, the Committee on Foreign Investment in the United States at the last minute blocked for one month a potential hostile takeover of Qualcomm. Now, we must make sure that impediment is permanent.

This is Frank Gaffney.