Federal panel opposes tech company sale to Chinese investors
September 1, 2017
PORTLAND, Ore. (AP) — A federal panel is recommending that President Donald Trump reject or suspend the pending $1.3 billion sale of Portland, Oregon's largest tech company to a Chinese-backed investment firm.
The Committee on Foreign Investment in the United States ruled against the deal Friday, The Oregonian/OregonLive reported (http://bit.ly/2evDArA). The deal has been under scrutiny since it became clear that the newly-formed private equity firm, Canyon Bridge Capital Partners, that Lattice Semiconductor announced it would sell to in November is funded by the Chinese government. The t...