China at top of US deals under security review in 2015, says CFIUS report
CFIUS report followed recent decision by President Trump to block US$1.3 billion sale of Lattice Semiconductor to Canyon Bridge
Mainland Chinese companies have again set the pace for the most number of deals put under security review by the United States’ watchdog on foreign investments.
In its latest annual report to Congress published on Wednesday, the Committee on Foreign Investments in the United States (CFIUS) said Chinese deals made up 29 of the 143 transactions that it reviewed in 2015, the most recent year data was available.
The report followed last week’s decision by US President Donald Trump to block the US$1.3 billion acquisition of Lattice Semiconductor, a maker of programmable logic chips, by Canyon Bridge Capital Partners, which includes investment from China Venture Capital Fund Corp.
CFIUS is an inter-agency committee tasked to assess the national security implications of mergers, acquisitions and takeovers that could result in foreign control of any US business.
“For the fourth year in a row, Chinese transactions accounted for the most number of CFIUS reviews,” said Chris Griner, the co-managing partner at law firm Stroock & Stroock & Lavan’s office in the US capital of Washington.
