Reuters reports that China's Canyon Bridge Capital Partners, a buyout fund in the process of acquiring US-based chip maker Lattice Semiconductor for $1.3bn, is partly funded by the China State Council and has indirect links to China's space programme. The Chinese government recently announced plans to invest $US1 billion ($A1.1b) into its own satellite launch programme, which will be launched from Jiuquan Satellite Launch Centre on Hainan Island off the The deal is one of the biggest attempted by a Chinese firm in the US semiconductor industry. As we have noted, Australia, Germany and the US have blocked takeover bids by Chinese firms recently based on national security interests.
Reuters reports that China's Canyon Bridge Capital Partners, a buyout fund in the process of acquiring US-based chip maker Lattice Semiconductor for $1.3bn, is partly funded by the China State Council and has indirect links to China's space programme. The government link may encourage greater regulatory scrutiny by the US due to concerns the tech could be used by the Chinese military. The deal is one of the biggest attempted by a Chinese firm in the US semiconductor industry. As we have noted, Australia, Germany and the US have blocked takeover bids by Chinese firms recently based on national security interests.