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President Trump has blocked Canyon Bridge Capital Partners LLC from acquiring Lattice Semiconductor Corporation, using the authority granted by the Exon–Florio Amendment. Lattice Semiconductor makes programmable logic devices including field programmable gate arrays (FPGAs):
President Trump on Wednesday blocked a China-backed investor from buying an American semiconductor maker over national security concerns, a rare move that could signal more aggressive scrutiny of China's deal-making ambitions. The deal for Lattice Semiconductor has provided a test of the president's economic and diplomatic relationship with China.
[...] The White House said on Wednesday that it prevented the acquisition of Lattice Semiconductor, in part because the United States government relies on the company's products. The integrity of the semiconductor industry, it said, was vital.
The White House also raised concerns over the buyer's close ties to Beijing. The investment group included China Venture Capital Fund Corporation, which is owned by state-backed entities, the White House said.
The decision could foretell trouble for other Chinese deals under review by the Committee on Foreign Investment in the United States, a multiagency group that examines takeovers of American companies by foreign buyers and makes recommendations to the president. The group, which operates largely in secrecy, is also looking at the proposed purchase of MoneyGram International by Ant Financial, an affiliate of the Chinese technology giant Alibaba Group.
(Score: -1, Troll) by Anonymous Coward on Thursday September 14 2017, @08:53PM (11 children)
So he has no problem with US companies screwing over the little guy, but at least he tries to keep the crimes in the family?
Oh right, they aren't crimes. We updated our laws so that Corporations can do whatever they want. Legal like. Nothing to see here, please kill yourself once your productivity levels drop below average. It also helps with over population! Our new green initiative!
Holy crap, maybe Soylent Green was really a message from the future! Green washing will one day turn us into cannibals!!!
(Score: 0) by Anonymous Coward on Thursday September 14 2017, @09:19PM (3 children)
What the heck are you talking about?
(Score: 2) by Adamsjas on Thursday September 14 2017, @11:42PM (2 children)
Sure, AC, go ahead and pretend you are two different peoeple.
(Score: 0) by Anonymous Coward on Friday September 15 2017, @12:10AM
Lol original ac here letting you know to tone down the paranoia. Other ac sounds like a troll trying to bait an argument.
(Score: 2) by Gaaark on Friday September 15 2017, @02:49AM
It's AC's allll the way down!
--- Please remind me if I haven't been civil to you: I'm channeling MDC. ---Gaaark 2.0 ---
(Score: 5, Interesting) by bob_super on Thursday September 14 2017, @09:21PM (2 children)
Would you like to learn about my new silk-lined tinfoil ? It comes in Yellow and Brown hues.
Lattice sells a particular line of chips, which are very popular with people building for extreme environments. The US military and its suppliers would prefer to ensure that those chips, and the missiles and satellites they control, are free from outside interference.
Bonus: it probably saves US jobs.
(Score: 5, Insightful) by NewNic on Thursday September 14 2017, @09:53PM
They would also prefer that Lattice's customers don't talk to a foreign company, and give away secrets through the requirements they place on new chips from Lattice.
lib·er·tar·i·an·ism ˌlibərˈterēənizəm/ noun: Magical thinking that useful idiots mistake for serious political theory
(Score: 3, Interesting) by RamiK on Thursday September 14 2017, @10:23PM
Unless, of course, Gowin will now receive a fat check from the PRC to develop and flood the market with similar FPGA\ASICs.
compiling...
(Score: -1, Troll) by Anonymous Coward on Thursday September 14 2017, @10:00PM (3 children)
But but but, what about the LGBT community. Evil Trump, no consideration for minorities.
(Score: 2) by realDonaldTrump on Friday September 15 2017, @02:46AM (2 children)
Lesbians are terrific, I could look at them all day! And trust me, I have. Sometimes I have. The womanly ones and not so womanly, all very hot. And the gays are OK. They take a lot of care with their hair, their clothes, the way they smell. Always good hygiene, always well groomed. Which in a man are fabulous qualities. And the trans are very welcome in my buildings. And on my courses. In whichever restroom they want. The one they feel is appropriate. But I just can't have them in my military. Which has a lot, a lot of wars to fight. And can't be doing all that surgery. Putting the big fake tits, or the big fake cocks, on those who want or need them. Very expensive and we can't keep doing that. There are lots of terrific places for the transgender. Just not in my military. Maybe when we finish up the wars, we can make a different deal. In which my military and the transgender will both win. And maybe we can make a different deal about Lattice Semiconductor. I told them "no" but they can reapply. They can reapply, but I'll give them a hint. If China is not going to solve North Korea, we will. China has great influence over North Korea. And China will either decide to help us with North Korea, or they won’t. And if they do that will be very good for China, and if they don’t it won’t be good for anyone. That is all I am telling you. 🇺🇸
(Score: 1) by Ethanol-fueled on Saturday September 16 2017, @01:29AM (1 child)
It's not the tranny part that all my ex-military buddies hated, it's the fact that along with trannies and forced integration of women in non-traditionally-female fields came PC/sensitivity/diversity bullshit that will now get you hauled off to the brig if not forced out just for making dick jokes. Having to carry the females' rucks for them during 20 mile road-marches and accommodate their menstrual needs was also was a bitter pill to swallow.
Now, the Air Force and Navy have always been limp-wristed sissies so that is to be expected of them. But my bros who are and were in the Army and Marines are describing PC horrors beyond my imagination. Damn shame, too, because if it weren't for PC bullshit they would have stayed in.
And Americans wonder why all the vets with combat experience are bailing at exponential rates.
(Score: 2) by realDonaldTrump on Saturday September 16 2017, @03:55AM
A woman is bleeding from her whatever and she asks you to accommodate her needs, you can tell her "no." You can always say "no." But a lot of guys would say "yes." It's an option. An option military guys, frankly, didn't always have. And if the other options are 20 miles away, maybe you say "yes." Maybe I would say "yes." But if she wants it licked, that's not happening. I'll tell you, it's not happening.