this post was submitted on 21 Apr 2026
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US gov't blocks China's largest LED chipmaker's $239 million bid to acquire Dutch lighting firm Lumileds — US blocks acquisition attempt of European firm (www.tomshardware.com)
submitted 3 weeks ago by Rekall_Incorporated@piefed.social to c/hardware@lemmy.world
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Semiconductors using gallium nitride tech continue to be a red line for CFIUS.

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[–] zout@fedia.io 28 points 3 weeks ago (3 children)

Great article, especially where they don't explain at all how the US government can block the acquisition of of a Dutch company.

[–] Bloomcole@lemmy.world 7 points 3 weeks ago

It's no longer a Dutch company but owned by american investors

[–] inari@piefed.zip 6 points 3 weeks ago

That's what I wanted to know. Thanks for the heads up, saved me a click

[–] teslekova@sh.itjust.works 1 points 3 weeks ago (1 children)

It seems that the Chinese company chose to abandon the acquisition. I see three possible reasons.

This may have been part of a wider Chinese negotiation with the US on security technology. It might have destabilised some position or other, cost more in US hostility elsewhere, etc.

Also, the Dutch do tend to be very cooperative with US government demands, if they are tolerable; the Chinese company might simply have recognised that the Dutch would now block the acquisition at the request of the US.

Third, the US could easily block the company's trade permissions, stopping its access to a key world market. That would have made the acquisition far less profitable, and the company would have no reason to continue.

[–] Bloomcole@lemmy.world 5 points 3 weeks ago

You missed the real reason, that it's not a Dutch company but owned by US investors Anchorage Capital Group, Nut Tree Capital Management, and Cerberus Capital Management