US moves to block Chinese purchase of German tech firm Aixtron

By
AFP
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US moves to block Chinese purchase of German tech firm Aixtron

WASHINGTON: US President Barack Obama on Friday moved to block a Chinese company's purchase of German semiconductor equipment maker Aixtron by blocking the inclusion of Aixtron's US business in the deal.

The US Treasury said a high-level review chaired by Obama found a national security risk in the deal, which could place sensitive technology with potential military applications in Chinese hands.