Tsinghua Unigroup US$23 billion bid for Micron will face close scrutiny from US regulators
A bid by China's largest computer chip design company, Tsinghua Unigroup, to take over major American semiconductor firm Micron Technology will come under close scrutiny by the United States government amid national security concerns about Chinese companies.
A bid by China's largest computer chip design company, Tsinghua Unigroup, to take over major American semiconductor firm Micron Technology will come under close scrutiny by the United States government amid national security concerns about Chinese companies.
Reports on Tuesday said the state-backed Tsinghua Unigroup had proposed to acquire chipmaker Micron, the world's fourth-largest semiconductor company by revenue, for US$21 a share, which valued the buyout at US$23 billion.
Micron has so far denied that it received an offer from Unigroup, a subsidiary of the technology-focused Tsinghua Holdings headquartered in Beijing.
Experts said the proposed deal will need approval from the Committee of Foreign Investments in the United States (CFIUS). Based in Washington, CFIUS is a secretive inter-agency body tasked to determine the potential impact of mergers and acquisitions activities involving US companies on national security.
Watch: China's Tsinghua Unigroup said to plan US$23 billion bid for US chipmaker Micron Technology
