China's Fujian drops Aixtron bid after Obama blocks deal

China's Fujian drops Aixtron bid after Obama blocks deal

The headquarters of German chip equipment maker Aixtron SE is pictured through a security fence in Herzogenrath near the western German city of Aachen, October 25, 2016. REUTERS/Wolfgang Rattay

China’s Fujian Grand Chip Investment Fund has dropped its takeover bid for chip equipment maker Aixtron after the United States blocked the deal on security grounds, throwing the German company’s future into doubt.

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