Where Fake News Dies, Real News Thrives, And Snowflakes Melt

THE NEWS COMMENTER

VOTE  (0)  (0)

Donald Trump blocks Chinese deal to buy U.S. chips with military uses



Screenshot Washingtontimes.com

Image via washingtontimes.com screen capture

Added 09-13-17 06:22:01pm EST - “President Trump blocked a Chinese firm from buying a U.S. computer chip maker Wednesday, demonstrating to Beijing that he will oppose its acquisition of technology with potential military applications.” - Washingtontimes.com

CLICK TO SHARE

Posted By TheNewsCommenter: From Washingtontimes.com: “Donald Trump blocks Chinese deal to buy U.S. chips with military uses”. Below is an excerpt from the article.

President Trump blocked a Chinese firm from buying a U.S. computer chip maker Wednesday, demonstrating to Beijing that he will oppose its acquisition of technology with potential military applications.

The president issued an order prohibiting a planned $1.3 billion deal for Canyon Bridge Fund, a Chinese-backed venture capitalist, to buy Lattice Semiconductor Corporation.

This time he used his power to block business deals under the Defense Production Act, which authorizes the president to to suspend or prohibit certain acquisitions that result in foreign control of a U.S. business when there is credible evidence it could threaten national security.

“The national-security risk posed by the transaction relates to, among other things, the potential transfer of intellectual property to the foreign acquirer, the Chinese government’s role in supporting this transaction, the importance of semiconductor supply chain integrity to the United States government, and the use of Lattice products by the United States government,” the White House said in a statement.

Lattice, a publicly traded company headquartered in Portland, Oregon, manufactures semiconductors for the consumer, communications, and industrial markets. Its primary semiconductor product lines are programmable logic devices, which are general purpose semiconductors that customers can program to provide functionality similar to chips that are designed and produced for specific applications.

Read more...

Post a comment.

CLICK TO SHARE

COMMENTS VIA TWITTER






BACK TO THE HOME-PAGE