The U.S., China and the Chip Industry
Dylan McGrath, Editor in Chief, EE Times
9/19/2017 04:31 PM EDT
It comes as little surprise that last week's decision by U.S. President Donald Trump to block the acquisition of Lattice Semiconductor by an equity firm funded partly by the Chinese government ruffled a few feathers in China.
According to the state run news agency Xinhua, a spokesman for China's Ministry of Commerce balked at the decision, telling reporters at a press conference that foreign governments shouldn't use government review of acquisitions to implement protectionism under the guise of protecting national security.
The spokesman, identified as Gao Feng, reportedly said that a Chinese company acquiring a foreign business is a normal market practice, which should be treated fairly and objectively.
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