US President Trump said in an executive order on Sept 13 that Lattice and Canyon Bridge 'shall take all steps necessary to fully and permanently abandon the proposed transaction' within 30 days. — Reuters
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.
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