Order sends strong signal that Washington will continue to oppose deals with Chinese acquirers involving technologies with potential military applications.
On September 13, 2017, President Trump issued an Executive Order prohibiting Canyon Bridge Capital Partners, Inc.’s (“Canyon Bridge”) proposed acquisition of Lattice Semiconductor Corporation (“Lattice”). This is in line with the recommendation by the Committee on Foreign Investment in the United States (“CFIUS”) that the transaction be prohibited due to national security concerns.
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