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Trump Blocks Chinese Acquisition Of Chipmaker Lattice Semi Over “Security Risk”

In a move that will likely cause at least a few frowns in Beijing, Bloomberg reports that President Trump blocked a Chinese-backed buyer from acquiring chipmaker Lattice Semiconductor, not only a “personal rebuke that bodes poorly for several other Chinese buyers seeking U.S. security clearance for their acquisitions”, but also a symbolic escalation of the “cold” trade war with China, hinting that the Trump administration will no longer allow China to acquire advanced US intellectual property, especially when national security may be on the line.

“Consistent with the administration’s commitment to take all actions necessary to ensure the protection of U.S. national security, the president issued an order prohibiting the acquisition,” Treasury Secretary Steven Mnuchin said in a statement. …

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