Trump blocks Chinese purchase of US semiconductor maker

Associated Press |

WASHINGTON (AP) — President Donald Trump has blocked a Chinese government-financed firm's acquisition of an Oregon semiconductor maker on national security grounds.



Trump's order Wednesday came after a federal panel that reviews foreign investment for possible security threats ruled against the proposed $1.3 billion takeover of Lattice Semiconductor last week.

The deal has been under scrutiny since it became clear the buyer, Canyon Bridge Capital Partners, is funded by the Chinese government.

Trump's order said "credible evidence leads me to believe" the buyers or their financial backers "might take action that threatens to impair the national security of the United States."

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Comments

Emerging Growth

Margaux Resources Ltd.

Margaux Resources Ltd is a Calgary based resource company. The Company is focused on its Jersey Emeral Tungsten-Zinc property located in the southeast portion of British Columbia.

Private Markets

iPRO Network, LLC

We provide the platform, tools, and resources to empower individuals and professionals to market desirable goods and services to the public, taking the place of traditional methods of commerce.

The Green Organic Dutchman

The Green Organic Dutchman Ltd. ("TGOD") produces farm grown, organic cannabis for medical use. The company grows its high quality organic cannabis in small batches using craft growing, all natural…