Deals
Lattice Weighs Seeking Trump’s Intervention on China Deal
- U.S. security review of chip manufacturer’s sale set to expire
- Lattice CEO said to be in Washington seeking support for deal
This article is for subscribers only.
Lattice Semiconductor Corp. is considering seeking President Donald Trump’s approval of its proposed takeover by a China-backed buyer after a secretive national security panel repeatedly rebuffed the companies, according to a person familiar with the matter.
Going to Trump is among the options the companies are considering for the $1.3 billion deal, including extending talks with the security panel or walking away from the transaction, said the person, who asked not to be named because a final decision hasn’t been made. It’s almost unheard of for companies to seek a presidential review in a foreign takeover of a U.S. company rather than terminate a deal.