If the Committee on Foreign Investment in the United States (CFIUS) does not block the Qualcomm takeover, China will move into the vacuum and dominate the industry. ? TN Editor

According to Chang, Broadcom — a Singapore-based semiconductor manufacturer — will likely break up Qualcomm into constituent businesses if it succeeds in its attempted hostile takeover of its San Diego-based industrial competitor. Such a breakup, he added, would destroy America's ability to compete in the development of cutting-edge wireless telecommunication technologies.

"At this moment, the United States and China are competing to develop the standards [and] chips that will power 5G wireless communications," said Chang. "5G will be much faster than the current 4G, and also 5G will have much greater connectivity. So most devices in your home, workplace, and car are going to be controlled by 5G. There's only one American company that can win the 5G race, and that's Qualcomm."