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December 14, 2016
Chinese firm scraps German tech deal after US block
Beijing (AFP) Dec 8, 2016
A Chinese company on Thursday said it had scrapped plans to purchase German semiconductor equipment maker Aixtron after US President Barack Obama blocked a key element of the deal on security concerns. The Chinese government-backed Grand Chip Investment said its offer could no longer go through after Washington rejected the inclusion of Aixtron's US unit over fears it could put sensitive technology with potential military applications in Chinese hands. In a statement, Grand Chip said the block m ... read more

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