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CFIUS blocks sale of Lattice Semiconductor to Canyon Bridge Fund

The Committee on Foreign Investment in the United States blocked the sale of Lattice Semiconductor to a group of Chinese investment funds. Canyon Bridge had agreed to buy Lattice for $1.3 billion. “The national security risk posed by the transaction relates to, among other things, the potential transfer of intellectual property to the foreign acquirer, the Chinese government’s role in supporting this transaction, the importance of semiconductor supply chain integrity to the U.S. government, and the use of Lattice products by the U.S. government,” the statement says.

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