Barack Obama blocks proposed takeover of Germany’s Aixtron

Barack Obama blocks proposed takeover of Germany’s Aixtron Citing a national security risk, President Barack Obama on Friday blocked a Chinese investor’s proposed takeover of Aixtron SE, a German maker of semiconductor manufacturing equipment, a rare move that drew objections from Beijing and complaints that the US was injecting politics into the deal. Obama ordered Fujan Grand Chip

to “fully and permanently abandon” its proposed acquisition of Aixtron SE’s California-based subsidiary, Aixtron, Inc. The decision upheld a recommendation from the Committee on Foreign Investment in the US, which reviews foreign purchases of US companies.