chinese purchase of german tech firm fails after us block
Last Updated : GMT 06:49:16
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Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Chinese purchase of German tech firm fails after US block

Arab Today, arab today

Arab Today, arab today Chinese purchase of German tech firm fails after US block

Beijing economy
Beijing - Arab Today

 A Chinese company's purchase of German semiconductor equipment maker Aixtron has failed after US President Obama blocked the deal, the company said Thursday. 

The Chinese government-backed Grand Chip Investment said that its offer  could no longer be fulfilled after Washington rejected the inclusion of Aixtron's US unit over concerns it could put sensitive technology with potential military applications in Chinese hands.

 
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