The US government has ordered Qualcomm to suspend its annual shareholders meeting for at least 30 days while it investigates whether Broadcom's proposed takeover of the company has implications for national security. According to Broadcom, Qualcomm asked the Committee on Foreign Investment in the US (CFIUS), part of the treasury, to investigate the bid by the Singapore-based company. Qualcomm confirmed that the AGM would be adjourned until 05 April due to the CFIUS order, according Telecompaper. Broadcom slammed the move by Qualcomm, saying it was a delaying tactic to avoid giving shareholders at the AGM scheduled for 06 March a chance to vote on Broadcom's alternative slate of directors. Qualcomm did not inform Broadcom of its intention to make the CFIUS request at their meetings in February, Broadcom said, despite making the request already at the end of January.
Qualcomm rejected that claim, saying Broadcom had already been in contact with CFIUS and made written submissions to the panel. 
Broadcom also underlined that it expects to complete the move of its headquarters from Singapore to the US by the end of May, its management is made up largely of Americans, and its institutional shareholders are many the same as Qualcomm's. The company also successfully completed CFIUS reviews for other transactions, such as its takeover of Brocade last year and said it was ready to cooperate again with the panel.