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Trump Applauds Semiconductor Company With Plans To Move HQ To The US

Trump Applauds Semiconductor Company With Plans To Move HQ To The US

The company, which manufactures communications chips worldwide, said the GOP's business-friendly tax plan will make the us easier to do business in.

President Donald Trump said semiconductor company Broadcom Ltd.is returning its headquarters to the United States from Singapore.

Broadcom corporate headquarters are already located in San Jose, Calif., but it will relocate its legal address from Singapore to DE once shareholders approve the move.

Trump also touted Republicans' new tax reform bill - unveiled on Capitol Hill today - as a "big, attractive Christmas present" for Americans that will also create jobs.

London drivers face £21.50 daily charge for most toxic vehicles
The total daily levy can be reduced by £1 if drivers register to pay the congestion charge automatically. Speaking to Sky News , Khan said: "We don't make a profit from the T-charge - it's costing us".


A statement from Broadcom said the move will occur whether or not the tax reform bill passes but noted the final form and timing of the redomiciliation will be affected by any corporate tax reform.

"We will restore our competitive edge by reducing business taxes for the first time in more than 30 years", Trump said. A year ago the company entered a $5.5 billion agreement to merge with USA network provider Brocade Communications Systems, but that has been delayed while it's scrutinized by the Committee on Foreign Investment in the United States.

Trump mentioned that he hopes to see Broadcom's U.S. payroll grow from its current 7,500 employees. In 2016, Avago Technologies bought Broadcom Corp., forming Broadcom Limited, in a cash and stock deal worth about $37 billion.

"Their move back to the United States is something very, very special and very important, and you have been seeing this happen with numerous companies", he said. It has manufacturing facilities in Colorado and Pennsylvania and engineering offices in California and traces its origins to bluechip American companies like Bell Laboratories, Lucent, and Hewlett-Packard. "The proposed tax reform package will level the global playing field and allow us to compete effectively in worldwide markets", he said.


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