US security reviews now extend to Chinese acquisitions never filed with government

//US security reviews now extend to Chinese acquisitions never filed with government

US security reviews now extend to Chinese acquisitions never filed with government

A little over a week ago, Magnachip Semiconductor was notified by the US Treasury Department that it had identified national security risks in the Delaware chip company’s proposed US$1.4 billion sale to Chinese private equity firm Wise Road Capital. Soon after, the department would recommend US President Joe Biden block the deal.Treasury’s outreach to Magnachip was the latest example of the new level of scrutiny US regulators are a pplying to Chinese acquisitions of American businesses…

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By | 2021-09-07T15:19:50+00:00 September 7th, 2021|Business|Comments Off on US security reviews now extend to Chinese acquisitions never filed with government