US: Surprising go-ahead for Chinese acquisition of Pennsylvania semiconductor firm
The Chinese acquisition of a US semiconductor equipment maker has been given the surprise green light by US officials, despite the increased scrutiny of sensitive Chinese investments in the country.
A number of Chinese acquisitions have collapsed since last year as the US government increased its scrutiny citing national security concerns.
But Naura Microelectronics Equipment, a Beijing-based microchip company, has now completed its takeover of Pennsylvania-based Akrion Systems, a manufacturer of semiconductor devices, according to Naura.
“As far as we are aware, this is the first Chinese acquisition of a US company to be approved by CFIUS under the Trump administration,” a Reuters report quoted Fang Xue, partner for Gibson Dunn & Crutcher and one of the deal lawyers representing Naura, as saying on Thursday, January 18.
Full Content: Financial Times
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
FTC Urged to Enforce Rarely Used Antitrust Law Against Retail Giants
Mar 28, 2024 by
CPI
UK’s Fingleton Bolsters Team with New Additions
Mar 28, 2024 by
CPI
Britain’s Competition Regulator Clears Aviva’s Acquisition of AIG Life UK
Mar 28, 2024 by
CPI
White House Implements New AI Safeguards to Protect Rights and Safety
Mar 28, 2024 by
CPI
Denver Court Sets August Date for Kroger-Albertsons Merger Showdown
Mar 28, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Real Estate & Antitrust
Mar 27, 2024 by
CPI
Systematic National Evidence of Steering by Real Estate Agents
Mar 27, 2024 by
CPI
Compliance Now! Actionable Antitrust Advice for the Residential Real Estate Industry
Mar 27, 2024 by
CPI
Real Estate Commissions: Some Insights from the Economics of Multi-Sided Platforms
Mar 27, 2024 by
CPI
New Ideas for Promoting Real Estate Brokerage Price Competition
Mar 27, 2024 by
CPI