A proposed acquisition of a Dutch technology firm by Chinese LED chipmakers has collapsed following opposition from U.S. authorities. According to South China Morning Post, China’s leading LED chipmaker Sanan Optoelectronics and its Malaysian partner have withdrawn their US$239 million all-cash offer to acquire Lumileds Holding after facing U.S. regulatory resistance. As the report notes, Shanghai-listed Sanan Optoelectronics said in a filing that despite multiple rounds of discussions, the Committee on Foreign Investment in the United States (CF…

Leave a Reply