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Global Times: Trump Called Off China’s Acquisition of Lattice

Global Times recently reported that U.S. President Trump called off a deal in which China Venture Capital Fund Corporation Limited (CVCF) was to acquire the U.S. semiconductor manufacturer Lattice. This is Trump’s first case of this kind and the forth in the past three decades to land on the U.S. President’s desk. According to U.S. media, the deal was blocked based on the role the Chinese government played (CVCF is state-owned) and the fact that the U.S. government uses Lattice products. The U.S. military was concerned about the potential loss of military-grade intellectual property, which could be a threat to U.S. national security. The U.S. government has been going against Chinese acquisitions like this for years now, even including cases involving companies being sold outside of the U.S. China has pointed out again and again that the U.S. should stop its guess work and its politicizing of normal market-based commercial acquisitions.

Source: Global Times, September 14, 2017