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Trump blocks Chinese-backed equity fund from acquiring semiconductor company Updated: 2017-09-14 14:07:10 KST

U.S. President Donald Trump has blocked an attempt by a China-backed private equity fund to acquire an American chipmaker citing national security concerns.
According to the White House Wednesday, President Trump prevented Canyon Bridge Capital Partners, a fund backed by Chinese state-owned entities, from buying Lattice Semiconductor Corporation for one.three billion U.S. dollars.
The Committee on Foreign Investment in the U.S. had warned earlier this month of the deal's potential to transfer intellectual property to the buyers, citing the U.S. government's use of chips made by Lattice and the funds links to the Chinese government.
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