SHANGHAI: US President Donald Trump's decision to block a Chinese-backed firm from buying a US-based chipmaker this week is detrimental to America's growth and the global economy, China's state news agency Xinhua said in a commentary on Sept 16.
Canyon Bridge Capital Partners' planned US$1.3bil (RM5.44bil) acquisition of Lattice Semiconductor Corp was one of the largest attempted by a Chinese-backed firm in the US microchip sector and was the first announced deal for the buyout fund, which launched last year with a focus on technology investment.