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U.S. frightened, asks Germany not to sell company to China

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Staff Writer | October 26, 2016
U.S. intelligence services warned Berlin that a now on-hold Chinese takeover of German semiconductor equipment maker Aixtron could give Beijing access to technology that could be used for military purposes, business daily Handelsblatt said.
Aixtron
Acquisition   U.S. intelligence services warned Berlin
The German economy ministry said on Monday it had withdrawn its approval for Fujian Grand Chip Investment Fund (FGC) to buy the Aachen-based firm for 670 million euros ($732 million), citing previously unknown security-related information.

The ministry declined to comment further in light of the Handelsblatt report on Wednesday.

Aixtron shares dropped 6.5 percent to a five-month low OF 4.83 euros by 0705 ET, well below the 6 euros per share that FGC had offered shareholders for their stock.

The newspaper, citing German intelligence sources, said U.S. authorities had shown representatives of German ministries evidence last Friday, at a meeting at the U.S. embassy in Berlin, although they refused to hand it over.


 

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