The Committee on Foreign Investment in the United States (CFIUS) has blocked the 1.3-billion sale of US semiconductor testing company Xcerra to Chinese state-backed semiconductor investment fund, Hubei Xinyan. It marks the latest Chinese-linked technology deal to be thwarted by the US amid concerns over national security. China-funded Canyon Bridge Capital's attempt to take over Lattice Semiconductor was blocked last year.
The Committee on Foreign Investment in the United States (CFIUS) has blocked the $580m sale of US semiconductor testing company Xcerra to Chinese state-backed semiconductor investment fund, Hubei Xinyan. It marks the latest Chinese-linked technology deal to be thwarted by the US amid concerns over national security. China-funded Canyon Bridge Capital's attempt to take over Lattice Semiconductor was blocked last year.