Deals
Trump’s Rebuff of Chipmaker Deal Spurs Beijing to Call for Fairness
- China says security checks shouldn’t be a protectionist tool
- Shares of companies with pending deals fall after U.S. move
Trump Blocks China-Backed Bid for Lattice Semiconductor
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President Donald Trump’s rejection of a China-led takeover of a U.S. chipmaker on national-security grounds cast a cloud over other Chinese deals seeking federal clearance and spurred a call for fairness from Beijing.
It was just the fourth time in a quarter century that a U.S. president has ordered a foreign sale of an American firm stopped for security reasons. Lattice Semiconductor Corp.’s spurned buyer was Canyon Bridge Capital Partners LLC, a private-equity firm backed by a Chinese state-owned asset manager.