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7:38 PM ET
Trump Blocks China-Backed Fund from Buying Lattice Semiconductor
President cites national-security concerns in rejecting U.S. chip maker’s deal with Canyon Bridge
By Kate O’Keeffe
Updated Sept. 13, 2017 7:38 p.m. ET
WASHINGTON—President Donald Trump on Wednesday blocked a Beijing-backed fund’s attempt to buy an American chip maker, signaling his administration will closely scrutinize Chinese efforts to invest in U.S. semiconductor technology.
Mr. Trump rejected the transaction after the would-be deal makers—Chinese government-backed Canyon Bridge Capital Partners and Lattice Semiconductor Corp.—made a rare, direct appeal to him.