[Ed. – The White House has been giving this big play this week. Now we know who it is.]
A $100 billion semiconductor company based in Singapore will legally relocate its home address to the United States, President Donald Trump announced Thursday.
Broadcom Limited, which manufactures communications chips around the world, said it would relocate its legal address to Delaware once shareholders approve the move, bringing $20 billion in annual revenue back to the U.S. The move will allow Broadcom to avoid a cumbersome federal review process. …
The company credits the GOP [tax] plan with making it easier to do business in the U.S. “America is once again the best place to lead a business with a global footprint,” Broadcom CEO Hock Tan said.
However, Broadcom’s move to the U.S. will take place regardless of whether the Republican plan passes, the company said.