Dylan McGrath, EETimes
9/5/2017 04:01 PM EDT
SAN FRANCISCO — After a lengthy review, the Committee on Foreign Investment in the United States (CFIUS) has informed Lattice Semiconductor Corp. that it will recommend that U.S. President Donald Trump block the proposed $1.3 billion acquisition of Lattice by private equity firm with ties to the Chinese central government.
Lattice (Portland, Ore.) said in a regulatory filing that it as well as its would be buyer, Canyon Bridge Partners, would continue to engage Trump and CFIUS to "explore measures that may resolve any outstanding national security concerns and that could allow the parties to proceed with the transaction."
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