Estimated read time: Less than a minute
This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.
FRANKFURT, Germany (AP) — Semiconductor equipment company Aixtron says the German government has re-opened its review of a takeover bid by China's Fujian Grand Chip.
Aixtron said in a statement Monday that the company learned on Friday that Germany's Ministry of Economics and Energy had withdrawn its clearance certificate for the 670 million euro ($737 million) deal.
Ministry spokeswoman Katharina Dubel confirmed the withdrawal but said she could not provide further information.
Aixtron, based in Herzogenrath, makes equipment used in manufacturing semiconductor chips. The takeover has raised concerns about Chinese efforts to acquire foreign technology and move it to China. Aixtron says its headquarters, research and development operations and existing technology will remain at its current sites.
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.