Wednesday, September 13, 2017

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.