U.S. blocks a $1.3 bn deal on national security grounds
13 Sep 2017
The President has blocked the USD 1.3 billion acquisition by a Chinese-backed private equity firm of Lattice Semiconductor Corp., a U.S.-based chipmaker company. The President followed a recommendation of the Committee on Foreign Investment in the US (CFIUS), which had found that the acquisition by a group of investors, including the state-controlled China venture capital fund, would pose a threat to the national security of the U.S.
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Type:
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Entry and establishment (Approval and admission)
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Industry:
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Manufacturing (Manufacture of computer, electronic and optical products, and electrical equipment)
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