The transaction could threaten national security, lawmakers have said
Former U.S. Secretary of State John Kerry speaks with Chinese President Xi Jinping to discuss the conclusion of the 5th Annual U.S.-China People-to-People Exchange and Sixth Strategic and Economic Dialogue between the two nations, July 10, 2014, photo: Wikimedia
01 of September 2017 16:28:11
PORTLAND – A federal panel is recommending that President Donald Trump reject or suspend the pending $1.3 billion sale of Portland, Oregon's largest tech company to a Chinese-backed investment firm.The Committee on Foreign Investment in the United States ruled against the deal Friday, The Oregonian/OregonLive reported. The deal has been under scrutiny since it became clear that the newly-formed private equity firm, Canyon Bridge Capital Partners, that Lattice Semiconductor announced it would sell to in November is funded by the Chinese government. The transaction could threaten national security, lawmakers have said.Lattice manufactures a relatively low-tech class of programmable computer chips that can be adapted for a variety of uses. It had 1,000 employees worldwide at the end of the last year, but that number dwindled after Lattice sold a division in India and a round of layoffs.