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BUSINESS & TECH

Trump Short-Circuits China-Linked Purchase of U.S. Chipmaker

By Yang Ge and Li Zengxin
The Trump administration's move to not allow a Chinese buyer to acquire U.S.-based Lattice Semiconductor Corp. could signal that the U.S. is becoming more aggressive in its bid to stop the movement of advanced chipmaking technology to China. Photo: Lattice Semiconductor
The Trump administration's move to not allow a Chinese buyer to acquire U.S.-based Lattice Semiconductor Corp. could signal that the U.S. is becoming more aggressive in its bid to stop the movement of advanced chipmaking technology to China. Photo: Lattice Semiconductor

U.S. high-tech chipmaker Lattice Semiconductor Corp. said it has terminated its plan to be purchased by a China-backed buyer, after U.S. President Donald Trump ordered the two sides to scrap the deal over national security concerns.

The decision comes nearly a year after Lattice first announced the plan to sell itself to a group led by private equity firm Canyon Bridge Capital Partners for $1.3 billion. It also follows several attempts to salvage the plan with mitigating steps after Washington voiced previous concerns. Despite those efforts, the two sides were unable to reach an agreement that satisfied everyone, Lattice said in a statement late on Wednesday in the U.S.

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