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Trump Blocks China-Backed Takeover of US Chip Maker 'Lattice Semi' (cnn.com)
MountainLogic shares a report from CNN: President Trump has stopped the takeover of an American chip maker by a private equity firm with ties to China. The deal, which would have seen China-backed Canyon Bridge Capital Partners acquire Lattice Semiconductors, was blocked over national security concerns. "Today, consistent with the administration's commitment to take all actions necessary to ensure the protection of U.S. national security, the president issued an order prohibiting the acquisition," Treasury Secretary Steven Mnuchin said in a statement Wednesday. The national security risk included "the potential transfer of intellectual property" to the Chinese-backed company and the "Chinese government's role in supporting this transaction," according to Mnuchin's statement. Those are sensitive matters: the Trump administration launched an investigation last month into whether China is unfairly getting hold of American technology and intellectual property. The Committee on Foreign Investment in the U.S., which reviews deals that could result in a foreign entity taking control of an American company, had previously recommended halting the deal. Lattice CEO Darin G. Billerbeck called the outcome "disappointing" and called the proposed acquisition "an excellent deal" for Lattice and for "expanding the opportunity to keep jobs in America." According to CNN, Lattice currently employs 300 people in Oregon -- and Canyon Bridge has committed to adding 350 more if the takeover deal went through.
Having been through one of these acquisitions (I work in the Semiconductor industry) the President had nothing to do with it. The FTC was involved and had to approve. Just more Trump bashing by CNN
Live by the sword, die by the sword.
Trump is trying to put his name against every good thing that has happened since his presidency, granted, there haven't been many so he's been trying to put his name against every good sounding thing. This means he'll get lambasted for every bad thing as well. Of course Trump doesn't want this (no doubt he'll call it Fake News(TM)) but it'll happen.
Besides this is better than the way Fox News carried on about Obama, they did far worse than this to him and Obama was nowhere near the media whore Trump is.
And sadly, until you stop consuming this bollocks, it'll keep getting worse.
Calling someone a "hater" only means you can not rationally rebut their argument.
Good. Trump deserves to be bashed repeatedly. He is a horrible president thus far and an even worse human being. He represents every single thing that is wrong with this country.