Lattice Semiconductor Acquisition Nixed By White House
The $1.3 billion acquisition of Palo Alto-based Lattice Semiconductor has been kiboshed by the White House, in the latest, failed acquisition by Chinese investors to acquire a U.S. technology company. President Donald Trump on Wednesday blocked the acquisition of Lattice by Canyon Bridge Capital Partners, due to Canyon Bridge's relationship with a Chinese state-owned asset management firm. Canyon Bridge and Lattice had announced their acquisition in November of last year. Lattice is one of a number of acquisition deals involving Chinese buyers to fall through in recent months, and the first to be blocked specifically by the President.
posted on Wednesday, September 13, 2017
Related companies:
Lattice Biologics Ltd.
Related stories:
> Canyon Bridge Capital Partners Acquires Lattice Semiconductor For $1.3B
> SiliconBlue Acquired By Lattice Semiconductor
> Silicon Image Acquired By Lattice Semiconductor In $600M Deal
> White House Jumps Onto Flickr
> Lattice Engines Fuels Up With $28M More
silicontap.com Home