President Donald Trump is blocking Singapore-based Broadcom's takeover of US chipmaker Qualcomm on national security grounds, the AP reports. The White House says Trump is taking the action on the recommendation of the Committee on Foreign Investment in the United States, which reviews foreign purchases of US entities. Broadcom made an unsolicited bid last year to take over Qualcomm, which has been met by shareholder skepticism and regulatory scrutiny on security and antitrust grounds. Broadcom is in the process of moving its legal headquarters from Singapore to the US, with the company planning on finishing the move by April 3, 2018. Trump hosted Broadcom CEO Hock E. Tan in the White House last year as he announced the move, and the company had hoped that would help it skirt the national security review. (More Qualcomm stories.)