CHINA TOPIX

German Chipmaker Aixtron Says U.S. Opposes Chinese Takeover Deal on Security Grounds

Girish Shetti   |

Nov 19, 2016 12:58 PM EST

German chipmaker Aixtron's pending acquisition by China's Fujian Grand Chip Investment Fund (FGC) seems to have hit a minor roadblock. The German chipmaker said that it had received a recommendation from the Committee on Foreign Investment in the United States (CFIUS) to block the proposed takeover deal.