Clarity on what the new policy towards Huawei will be has been slow to emerge.
A deal would expand Broadcom's push into software a year after its $18.9 billion deal to buy US business software company CA Inc
Broadcom is known for communications chips that power Wi-Fi, Bluetooth and GPS connectivity.
This ban could prevent the quicker rollout of 5G networks in China as Huawei is heavily dependent on US semiconductor products.
IBM said Red Hat would continue to be led by CEO Jim Whitehurst and Red Hat’s current management.
Broadcom Inc had earlier announced an $18.9 billion deal to buy US business software company CA Inc.
Broadcom Chief Financial Officer Tom Krause defended the deal’s rationale in an interview
If the deal goes through Qualcomm will become the leading supplier of chips to smartphone makers.
Workers were told of the layoffs on Wednesday. A company spokesperson was quoted as saying that this move, a reduction of full-time and temporary workforce, is a part of the cost reduction plan announced in January
Qualcomm had employed about 33,800 full-time, part-time and temporary employees, as of 24 September.
Broadcom, which was a U.S. company until it was bought in 2016 by Singapore’s Avago, had announced its plan to redomicile on 2 November.
Can a nation of one billion people build a global tech giant even as new frontiers of technology arrive?
Jacobs supported resistance to Broadcom’s bid by Qualcomm, but he increasingly clashed with other members of the San Diego-based company’s board.
US tech firms succeed in bringing changes to the bill which restricted Chinese investment in US technology industry
The bills are aimed at reining in China’s acquisition of US high tech knowledge even as China has sought to focus on production of higher-value goods.
Trump on 12 March had blocked Broadcom's nearly $121 billion bid for Qualcomm, saying it might "impair the national security" of the country.
Broadcom unlikely to slow down its acquisition of Qualcomm despite Trump blocking it for national security reasons
Most analysts assume Broadcom will now walk away from Qualcomm, with some flagging San Jose-based Xilinx Inc and Israel’s Mellanox Technologies.
Donald Trump blocks Broadcom's $140 bn bid for rival US chipmaker Qualcomm over national security concerns
Trump claimed that "credible evidence" had led him to believe that if Broadcom were to acquire control of Qualcomm, it "might take action that threatens to impair the national security of the United States."
San Diego-based Qualcomm has emerged as one of the biggest competitors to China’s Huawei Technologies Co in the sector, making Qualcomm a prized asset.
It was reported that Intel’s competitive concern about Broadcom’s attempt to buy rival Qualcomm that led it to consider a range of acquisitions in response.