Deals
Trump to Weigh Security Risk of Chinese Bid for Chipmaker
- President has 15 days to decide on fund’s takeover of Lattice
- Canyon Bridge bid was rejected by national security panel
Trump Considers National Security Impact of Lattice Sale
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President Donald Trump will decide whether to block a China-backed fund from buying Lattice Semiconductor Corp. after U.S. national security officials opposed the takeover.
Lattice said Friday in a regulatory filing that the companies weren’t able to resolve concerns raised by the Committee on Foreign Investment in the U.S., which reviews foreign acquisitions of American companies for national security risks. CFIUS will now send the $1.3 billion deal to Trump for the final word on whether it should proceed. The president has 15 days to make a decision.