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Seeking Alpha reports that President Obama is poised to block a Chinese company from buying Germany's Aixtron (NASDAQ:AIXG) because Northrop Grumman (NYSE:NOC), a major U.S. defense contractor, is among the chip equipment maker's customers.
It would mark only the third time in more than a quarter century that the White House rejected an investment by an overseas buyer as a national security risk.
Aixtron shares -6.5% in Frankfurt.
The headquarters of German chip equipment maker Aixtron SE is pictured ... The Treasury Department said Obama was blocking the deal .. [Reuters]
It would mark only the third time in more than a quarter century that the White House rejected an investment by an overseas buyer as a national security risk.
Aixtron shares -6.5% in Frankfurt.
China Warns U.S. Against Blocking Aixtron Takeover
Aixtron shares fall amid U.S. national security concerns over acquisition by China’s Fujian Grand Chip Investment Fund [Wall Street Journal]
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