LONDON — U.S. President Barack Obama is poised to block a Chinese company from buying Germany’s Aixtron SE, people familiar with the matter said, which would mark only the third time in more than a quarter century that the White House has rejected an investment by an overseas buyer as a national security risk. HERZOGENRATH (dpa-AFX) - German semiconductor equipment maker Aixtron (AIXG) said that it will explore with its Chinese suitor after President of the United States blocked the acquisition of the U.S. business of Aixtron by Grand Chip Investment GmbH, an indirect subsidiary of Fujian Grand Chip Investment Fund LP . The president is expected Friday to uphold a recommendation by the Committee on Foreign Investment in the U.S. that the sale of the semiconductor-equipment supplier to China’s Grand Chip Investment GmbH should be stopped, according to the people who asked not to be identified as the details aren’t public.
United States President Barack Obama blocks China's Fujian Grand Chip Investment Fund's acquisition of the U.S. semiconductor business of German-based Aixtron because of national security concerns. The German Economy Ministry withdrew its approval in October.