Trump blocks Chinese bid for US semiconductor company Lattice
Washington — President Donald Trump on Wednesday blocked attempts by a Chinese state-owned firm to acquire an American semiconductor manufacturer, citing national security concerns and drawing a rebuke from Beijing. 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 aluminium and steel. Trump has the authority to block foreign investments he deems national security threats through the Committee on Foreign Investments in the US, an interagency committee. In the case of Lattice, the committee and the president had decided "the transaction poses a risk to the national security of...
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