Set to block: US President Barack Obama is poised to block the sale of German chip equipment maker Aixtron to China's Fujian Grand Chip Investment Fund, Bloomberg reported. — Reuters
US President Barack Obama is poised to block the sale of German chip equipment maker Aixtron to China's Fujian Grand Chip Investment Fund (FGC), Bloomberg reported, citing sources.
Obama, on Dec 2, is expected to uphold the Committee on Foreign Investment in the United States' (CFIUS) recommendation that Aixtron's sale to the Chinese investment fund be stopped, Bloomberg said, citing sources.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
