US regulators have blocked the $580m acquisition of a semiconductor test equipment maker by a state-backed Chinese fund in the latest deal to be halted amid heightened scrutiny of Chinese investments under Donald Trump.
Massachusetts-based Xcerra said on Thursday that it had agreed with Hubei Xinyan Equity Investment Partnership to terminate the merger agreement.
“Despite our best efforts to secure approval, it has become evident that CFIUS will not clear this transaction and we and Xinyan have mutually decided to terminate our merger agreement,” said Xcerra chief executive Dave Tacelli.
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