• Reuters

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U.S. President Donald Trump on Wednesday blocked a Chinese-backed private equity firm from buying a U.S. chipmaker, sending a clear signal to Beijing that Washington will oppose deals that involve technologies with potential military applications.

Canyon Bridge Capital Partners’ planned $1.3 billion acquisition of Lattice Semiconductor Corp. was one of the largest attempted by a Chinese-backed firm in the U.S. chip sector and was the first announced deal for the Palo Alto, California-based firm, which launched last year with a focus on technology investments.

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