New rules went into effect on February 13, 2020, that implemented the Foreign Investment Risk Review Modernization Act of 2018 (FIRRMA), expanding the authority of the Committee on Foreign Investment in the United States (CFIUS), the US agency that reviews foreign investments in the US for potential national security concerns. The new rules include CFIUS … Continue Reading
The security of the bulk-power system has long been an issue of deep concern in the US. On May 1, 2020, President Trump issued an Executive Order (EO) on Securing the United States Bulk-Power System. The EO created uncertainty and peril for US power companies.… Continue Reading
On 29 April 2020, the French Treasury announced additional emergency measures undertaken to strengthen its national foreign direct investment (FDI) screening mechanism.… Continue Reading
Status: Presidential Order Acquirer: Fujian Grand Chip Investment Fund LP (China); Zhendong Liu (China) Acquired: Aixtron SE (Germany) Value: Approximately €670 million Industry: Semiconductors Late in the evening on Friday, December 2, the White House published the text of a “Presidential Order – Regarding the Proposed Acquisition of a Controlling Interest in Aixtron … Continue Reading
Status: Withdrawn and Abandoned Acquirer: San’an Optoelectronics Co., Ltd. (China) Target: GCS Holdings, Inc. (Caymen Islands) / Global Communications Semiconductors, LLC (California) Value: US$226 million Industry: Semiconductors On August 1, San’an Optoelectronics Co., Ltd., announced that its subsidiary, Xiamen San’an Integrated Circuit Co., Ltd., had agreed with the Taiwan publicly traded company GCS Holdings … Continue Reading
Status: Clearance Acquirer: China National Chemical Corporation (China) Acquired: Syngenta AG (Switzerland) Deal Value: US$43 billion Industries: Chemicals Summary: China National Chemical Corporation (“ChemChina”), a Chinese state-owned chemical company, and Syngenta AG, a global Swiss agribusiness that produces agrochemicals and seeds, announced on Monday, August 22, 2016, that the companies have received clearance … Continue Reading
