Trump Blocks Sale Of US Chipmaker To Chinese Investors
Trump blocks sale of US chipmaker to Chinese investors
President Donald Trump on Wednesday issued an order blocking a group that includes a Chinese venture capital firm from purchasing Lattice Semiconductor Corp., citing national security concerns.
Such a decision is rare, and Trump’s move marks only the fourth time in the past 27 years that a president has blocked a deal like this. In the case of Portland, Oregon-based Lattice, the buyer would have been Canyon Bridge Capital Partners, which is backed by China Venture Capital Fund Corporation Limited, which the White House said is “owned by Chinese state-owned entities.”
American presidents are empowered to stop the sale of domestic …