Sep 13, 2017

Trump blocks Chinese purchase of U.S. semiconductor maker

Evan Vucci / AP

President Trump has blocked a Chinese government-backed equity firm from purchasing Lattice Semiconductor Corp., an American semiconductor manufacturer, citing national security concerns, per Bloomberg.

  • The risks, according to the White House: "The Chinese government's role in supporting this transaction, the importance of semiconductor supply chain integrity to the United States government, and the use of Lattice products by the United States government."
  • It's only the fourth time in 25 years that a president has blocked a foreign purchase of an American company.
  • Why it matters: The move is reflective of the Trump administration's combative position toward China, especially where the economy overlaps with national security.

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Coronavirus kills 2 Diamond Princess passengers and South Korea sees first death

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. U.S. numbers include Americans extracted from Princess Cruise ship.

Two elderly Diamond Princess passengers have been killed by the novel coronavirus — the first deaths confirmed among the more than 600 infected aboard the cruise ship. South Korea also announced its first death Thursday.

The big picture: COVID-19 has now killed more than 2,200 people and infected over 75,465 others, mostly in mainland China, where the National Health Commission announced 118 new deaths since Thursday.

Go deeperArrowUpdated 9 mins ago - Health

SoftBank to cut its stake to get T-Mobile's Sprint deal done

Illustration: Rebecca Zisser/Axios

T-Mobile and Sprint announced a revised merger agreement that will see SoftBank getting a smaller share of the combined company, while most shareholders will receive the previously agreed upon exchange rate. The companies said they hope to get the deal as early as April 1.

Why it matters: The amended deal reflects the decline in Sprint's business, while leaving most shareholders' stake intact and removing another hurdle to the deal's closure.