Trump card kills chip deal, alarms Chinese dealmakers

While the US president's decision to block a Chinese-backed buyout of semiconductor firm Lattice surprised no one, it does bode poorly for a host of other purchases.

The curtain falls, and the dust settles.

US President Donald Trump frequently astonishes with his rhetoric, but he played it by the book when he considered a $1.3 billion buyout of US chipmaker Lattice Semiconductor by a Beijing-backed private equity house.

The White House and Department of Treasury confirmed on September 13 that Trump had acted on a recommendation from the Committee on Foreign Investment in the United States Cfius to block the acquisition over national security concerns.

Trump's call bodes poorly for several other Sino-US deals that are pending regulatory clearance in the States not least Ant Financial's purchase of payments provider...

¬ Haymarket Media Limited. All rights reserved.

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