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.
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