A PYMNTS Company

US: Surprising go-ahead for Chinese acquisition of Pennsylvania semiconductor firm

By  |  January 18, 2018

The Chinese acquisition of a US semiconductor equipment maker has been given the surprise green light by US officials, despite the increased scrutiny of sensitive Chinese investments in the country.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    A number of Chinese acquisitions have collapsed since last year as the US government increased its scrutiny citing national security concerns.

    But Naura Microelectronics Equipment, a Beijing-based microchip company, has now completed its takeover of Pennsylvania-based Akrion Systems, a manufacturer of semiconductor devices, according to Naura.

    “As far as we are aware, this is the first Chinese acquisition of a US company to be approved by CFIUS under the Trump administration,” a Reuters report quoted Fang Xue, partner for Gibson Dunn & Crutcher and one of the deal lawyers representing Naura, as saying on Thursday, January 18.

    Full Content: Financial Times

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.