Trump bars Chinese firm from buying US chipmaker Lattice Semiconductor LSCC

Get the Full StoryThomson ReutersU.S. President Donald Trump blocked a Chinese-backed private equity firm from buying a U.S. chipmaker on Wednesday, 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 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-based firm, which launched last year with a focus on technology investments.NOW WATCH: Hurricane Irma is hammering Florida and headed to Georgia here are the latest updates on the massive storm