US committee approves Renesas’ takeover of Intersil
Semiconductor vendor Renesas said it has received notification from CFIUS that the investigation of the merger transaction is complete and that there are no unresolved US national security concerns with respect to the transaction.
Renesas added that as a result it has now all the necessary regulatory approvals for the acquisition which is expected to close on Friday February 24, 2017.
In the recent past CFIUS has effectively blocked the takeover of chip manufacturing equipment company Aixtron SE (Herzogenrath, Germany) by China-controlled Grand Chip Investment GmbH and may yet disapprove of the takeover of Lattice Semiconductor by a US-based but China funded venture capital firm.
Related links and articles:
News articles:
President Obama blocks Chinese bid for Aixtron
Lattice Semi to be sold to China-backed private equity
Renesas agrees to pay $3.2 billion for Intersil
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