President Trump on Wednesday blocked a Chinese-backed investor from buying the Portland, Ore.-based chipmaker Lattice, a personal rebuke that bodes poorly for other Chinese buyers seeking U.S. security clearance for acquisitions.
Trump acted on the recommendation of a multiagency panel, according to the White House and the Treasury Department. The spurned buyer, Canyon Bridge Capital, is a private-equity firm backed by a Chinese state-owned asset manager.
The national-security risks
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