Trump bars Chinese firm from buying US chipmaker Lattice Semiconductor


FILE PHOTO: U.S. President Donald Trump speaks to reporters at his golf estate in Bedminster, New Jersey U.S. August 11, 2017.  REUTERS/Jonathan ErnstThomson
Reuters

U.S. President Donald Trump blocked a Chinese-backed private
equity firm from buying a U.S. chipmaker on Wednesday, sending a
clear signal to Beijing that Washington will oppose deals that
involve technologies with potential military applications.

Canyon Bridge Capital Partners’ planned $1.3-billion
acquisition of Lattice
Semiconductor
was one of the largest attempted by a
Chinese-backed firm in the U.S. chip sector and was the first
announced deal for the Palo Alto-based firm, which launched last
year with a focus on technology investments.

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