Cybersecurity
California Company Sought by Chinese Had Pentagon Parts Contract
- Fairchild won U.S. agency deals valued at $260,000 last year
- Lawmakers say takeover attempt shows risk in U.S. supply chain
U.S. and Chinese national flags fly outside a company building in the China (Shanghai) Pilot Free Trade Zone's Waigaoqiao free trade zone and logistics park in Shanghai, China, on Oct. 22, 2013.
Photographer: Tomohiro Ohsumi/BloombergThis article is for subscribers only.
An attempt by Chinese-state backed buyers to purchase a California semiconductor maker that has won Pentagon contracts is reigniting a push by lawmakers to ensure the U.S. supply chain doesn’t provide opportunities for foreign spying.
While China Resources Microelectronics Ltd and Hua Capital Management Co. appear unlikely to succeed in taking over Fairfield Semiconductor International Inc., their pursuit of the company underscores the concerns some lawmakers have had about Chinese interest in American companies.