Friday, May 07, 2021 | Ramadan 24, 1442 H
clear sky
weather
OMAN
38°C / 38°C
EDITOR IN CHIEF- ABDULLAH BIN SALIM AL SHUEILI

Obama set to block Aixtron sale to Chinese fund

854788
854788

NEW YORK: US President Barack Obama is poised to block the sale of German chip equipment maker Aixtron to China’s Fujian Grand Chip Investment Fund (FGC), Bloomberg reported, citing sources. Obama is expected to uphold the Committee on Foreign Investment in the United States’ (CFIUS) recommendation that Aixtron’s sale to the Chinese investment fund be stopped, Bloomberg said, citing sources.


Obama’s office could not be reached for comment immediately by Reuters outside regular business hours.


In November, Aixtron said that the CFIUS told the company it would recommend that its pending takeover by Fujian be blocked. — Reuters


SHARE ARTICLE
Most Read
No Image
Supreme Committee announces new restrictions Fuel prices for May announced in Oman CAA makes statement on flights from India Heavy rains lash parts of Oman
FOLLOW US
arrow up
home icon