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.