Donald Trump Says Lattice is Not For Sale

Trump's decision follows the recommendation of the Committee on Foreign Investment in the U.S.
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President Donald Trump on Wednesday issued an order blocking Canyon Bridge Capital Partners LLP s $1.3 billion plan to acquire Lattice Semiconductor Corp. (LSCC) - Get Report .

Canyon Bridge is a private equity fund backed by China Venture Capital Fund Corp. Ltd., a Chinese corporation owned by Chinese state-owned entities that manages industrial investments and venture capital.

Trump's decision follows the recommendation of the Committee on Foreign Investment in the U.S.

Lattice said in securities filing Sept.1 that Cfius told the companies it would recommend that Trump suspend or prohibit the proposed merger. CFIUS is the Treasury Department-led interagency panel charged with reviewing foreign acquisitions of U.S. assets for national security threats.

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