<p>Broadcom, a tech firm best known for making radio chips for the iPhone, is moving its legal headquarters from Singapore to the United States.</p>
<p>&ldquo;Their move back to the United States is something very, very special and very important,&rdquo; said Trump. &ldquo;And you have been seeing this happen with numerous companies.&rdquo; ;</p>
<p>President Trump made the announcement alongside Broadcom CEO Hock Tan on Thursday, not long after Republicans unveiled ;their overhaul of the tax plan. ;</p>
<p>&ldquo;Thanks to you, Mr. President, business conditions have steadily improved,&rdquo; said Tan. &ldquo;We are making American home again.&rdquo; ;</p>
<p>The move will create high-paying jobs and bring $20 billion in annual revenue back to the United States. ; ;</p>
<p>Tan credited the GOP&rsquo;s tax plan as a reason for the move. Among other changes, the new tax plan would slash the corporate tax rate from 35% to 20%. ;</p>
<p>&ldquo;The proposed tax reform package would level the global playing field and allow us to compete worldwide from here in the United States,&rdquo; said Tan. &ldquo;America is once again the best place to lead a business with a global footprint.&rdquo;</p>
<p>Broadcom&rsquo;s operating headquarters are in California, but the company reincorporated in Singapore two years ago for tax purposes. ;</p>
<p>In addition to saving money, moving back to the US will also help Broadcom gain regulatory approval for its proposed $5.9 billion purchase of American networking company Brocade. ;</p>
<p>The merger has been delayed multiple times by the Committee on Foreign Investment in the US (CFIUS), a panel that reviews the risks involved when a foreign company acquires an American company. ;That ;review will no longer be necessary if Broadcom becomes an American company. ;</p>
<p>Broadcom is also considering a $100 billion-plus acquisition of chipmaker Qualcomm Inc., which would have been all but impossible if the company remained in Singapore.</p>
<p><strong>Editor&#8217;s note</strong>: This is a major fish for Trump who has promised to pull companies back to America. Could ;this be the beginning of a trend?</p>