WASHINGTON (AFP) – President Donald Trump on Wednesday (Sept 13) blocked attempts by a Chinese state-owned firm to acquire an American semiconductor manufacturer, saying this posed a threat to US national security..
WASHINGTON (AFP) – President Donald Trump on Wednesday (Sept 13) blocked attempts by a Chinese state-owned firm to acquire an American semiconductor manufacturer, saying this posed a threat to US national security.
The acquisition of Lattice Semiconductor Corporation, a publicly-traded Oregon company, by Chinese-owned Canyon Bridge Fund could endanger the US government’s use of sensitive products the company produces, the Treasury Department said in a statement.
The Trump administration has adopted an aggressive stance towards China on trade and national security matters, launching wide-ranging investigations into the national security ramifications of Beijing’s trade in aluminum and steel.
Trump has the authority to block foreign investments he deems national security threats through the Committee on Foreign Investments in the United States, an interagency committee.
