13, 2017.) Secretary of the Treasury Steven Mnuchin, who heads the Department that manages the interagency committee of CFIUS, issued a concurrent statement about President Trump’s Order in which he described the operations of Lattice Semiconductor as a semiconductor manufacturer whose “primary semiconductor product lines are programmable logic devices, which are general purpose semiconductors that customers can program to provide functionality similar to chips that are designed and produced for specific applications.” ( See Press Center, Department of the Treasury, Statement On The President’s Decision Regarding Lattice Semiconductor Corporation, Sept. Trump’s Decision Regarding Lattice Semiconductor Corporation, Sept. 13, 2017.)Īccording to the White House Press Secretary, China Venture Capital Fund Corporation Limited “is a Chinese corporation owned by Chinese state-owned entities that manages industrial investments and venture capital.” (White House, Office of the Press Secretary, Statement from the Press Secretary on President Donald J. ( See Lattice Semiconductor Press Release, Lattice Semiconductor and Canyon Bridge Capital Partners, LLC Announce Termination of Merger Agreement Following Decision from President Trump, Ex-99.1, Lattice Semiconductor Form 8-K, SEC Filing, Sept. at Section 2(b)-(c).) Following the release of the Executive Order, the parties announced the termination of the proposed acquisition. at Section 2(a).) The parties must make weekly certifications to CFIUS concerning compliance with the Executive Order and certify to CFIUS within 30 days that the proposed transaction has been permanently abandoned unless an extension is granted by CFIUS. at Section 1(a), referred to collectively as “Purchasers.”) In addition to blocking the pending acquisition by the Purchasers, President Trump’s Order also prohibits “any substantially equivalent transaction, whether effected directly or indirectly by the Purchasers, through the Purchasers’ shareholders or shareholders’ immediate, intermediate, or ultimate foreign person beneficial owners, or through the Purchasers’ subsidiaries …. 13, 2017, hereinafter “Executive Order.”) The Executive Order prohibits the acquisition of Lattice Semiconductor by Canyon Bridge Acquisition Company, Inc., and its affiliated entities: Canyon Bridge Fund I, LP, a Delaware limited partnership, its limited partner Yitai Capital Limited, a Hong Kong company, and Yitai Capital’s parent company China Venture Capital Fund Corporation Limited, a Chinese corporation. UPDATE: On Wednesday, September 13, President Trump issued an “Order Regarding the Proposed Acquisition of Lattice Semiconductor Corporation by China Venture Capital Fund Corporation Limited.” (White House, Office of the Press Secretary, Presidential Order Sept. (US) Value: Approximately US$1.3 Billion Industry: Integrated Circuits Electronic Engineering Semiconductors (US) China Venture Capital Fund Corporation Limited (China) Acquired: Lattice Semiconductor Corp. The 1-year high price for the company’s stock is recorded $79.22 on 01/04/22, with the lowest value was $43.59 for the same time period, recorded on 05/09/22.By Trade Practitioner on SeptemPosted in CFIUS Filing, Electronic Engineering, FDI/National Security/CFIUS Development, Integrated Circuits, Presidential Order, Semiconductors Status: Presidential OrderĪcquirer: Canyon Bridge Capital Partners, Inc. Lattice Semiconductor Corporation had a pretty favorable run when it comes to the market performance. The Lattice Sentry™ solution stack and Lattice SupplyGuard™ service won in the Application Security and Threat Detection categories, respectively. Lattice Semiconductor (NASDAQ: LSCC), the low power programmable leader, today announced that the company has been named a 2022 Fortress Cyber Security Awards winner by the Business Intelligence Group for the second year in a row. ![]() The Stock rose vividly during the last session to $54.34 after opening rate of $53.88 while the lowest price it went was recorded $51.09 before closing at $54.36.Recently in News on June 7, 2022, Lattice Wins Back-to-Back 2022 Fortress Cyber Security Awards. Let’s start up with the current stock price of Lattice Semiconductor Corporation (LSCC), which is $51.50 to be very precise.
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