MarketWatch First Take: Trump stops China from buying into U.S. chip industry, but what’s next?

President Donald Trump has effectively removed a major, deep-pocketed buyer from the U.S. semiconductor industry with the news on Wednesday that he nixed a pending deal for Lattice Semiconductor Corp. by Chinese investors, citing concerns for national security.

The proposed deal between Lattice and Chinese-backed Canyon Bridge Partners was the biggest test of China’s thirst for U.S. chip companies, and has been a touchstone case as two administrations and an entire industry wrestle with the issues. Trump’s decision to block the acquisition of the maker of custom communications chips known as field programmable gate arrays, or FPGAs, will certainly have broad effects in the chip industry.

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