Trump Blocks China-Backed Bid to Buy U.S. Chip Maker

President Trump on Wednesday blocked a China-backed investor from buying an American semiconductor maker over national security concerns, a rare move that could signal more aggressive scrutiny of China’s deal-making ambitions.

President Trump on Wednesday blocked a China-backed investor from buying an American semiconductor maker over national security concerns, a rare move that could signal more aggressive scrutiny of China’s deal-making ambitions.