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Fearing threat to national security, US federal panel to review selling of ...

A Federal Panel is recommending that President Donald Trump reject or suspend the pending $1.3 billion sale of Portland, Oregon’s largest tech company to a Chinese-backed Investment firm.

The Committee on Foreign Investment in the United States ruled against the deal Friday, The Oregonian / OregonLive reported.

The deal has been under scrutiny since it became clear that the newly-formed private equity firm, Canyon Bridge Capital Partners, that Lattice Semiconductor announced it would sell to in November is funded by the Chinese government.

It had 1,000 employees worldwide at the end of the last year, but that number dwindled after Lattice sold a division in India and a round of layoffs.

“We believe President Trump will recognize the benefits this investment will provide, to keep and grow jobs in the U.S., as well as expand Lattice’s product portfolio,” Canyon Bridge wrote in a separate statement.

READ MORE (Firstpost)

  • Donald Trump faces important choice on China's chip ambitionsMarketWatch
  • Lattice to Seek Trump's Approval for Chinese-Backed BuyoutNew York Times
  • Trump to Weigh Security Risk of Chinese Bid for ChipmakerBloomberg
  • Axios Pro RataAxios
  • Trump urged to block Lattice acquisitionPortland Business Journal
  • Federal panel recommends rejecting Lattice Semiconductor's sale to Chinese
  • Can Sino-US relations survive calls for more scrutiny of Chinese investment in ...South China Morning Post
  • Trump to decide on China buyout of US chipmakerTaipei Times
  • Chinese investors' deal meets oppositionChampaign/Urbana News-Gazette

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Fearing threat to national security, US federal panel to review selling of ...


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