Trump Blocks Canyon Bridge's $1.3B Chipmaker Buy

Law360, New York (September 13, 2017, 5:11 PM EDT) -- President Donald Trump on Wednesday blocked Canyon Bridge Capital Partners Inc.’s planned $1.3 billion acquisition of chipmaker Lattice Semiconductor Corp., siding with the Committee on Foreign Investment in the United States’ decision that the involvement of Chinese investors presents a national security concern.

President Donald Trump's decision to block the deal marks only the fourth time in history a president has stopped a transaction because of national security concerns. (AP) The president issued the order prohibiting the acquisition of the chipmaker by the Chinese private equity firm due to the involvement of the Chinese government in the transaction, according to a...

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