Posted on 07/14/2015 6:26:06 AM PDT by Citizen Zed
As Chinese takeovers go, this one would be huge.
Chinese state-owned firm Tsinghua Unigroup is preparing a $23 billion bid for U.S. chipmaker Micron, the Wall Street Journal reported on Tuesday. If completed, the deal would be the biggest-ever Chinese takeover of a U.S. firm.
The Journal said that Tsinghua Unigroup was prepared to pay $21 a share, or 20% more than their current price. A Micron spokesman told CNN that the company had not yet received an offer.
Micron, based in Idaho, makes memory chips for computers and other electronics. Tsinghua Unigroup already has partnerships with U.S. firms Intel (INTC, Tech30) and HP.
(Snip)
Major potential stumbling blocks remain for any deal between the tech companies.
Any merger involving Mircon is likely to face close scrutiny by the Committee on Foreign Investment in the U.S., a federal regulatory body that must approve the sale of U.S. firms to foreign investors.
The committee, known by the acronym CFIUS, assesses the potential national security effects when a foreign entity seeks to gain control of a U.S. company.
(Excerpt) Read more at money.cnn.com ...
Is it possible that the people in charge of oversight on this kind of deal will pull their heads out of their a***** and cancel it? We are being governed by fools.
This deal might stop some of the hacking. Hell they’ll get in the front door.
No. The Uniparty will fully support Unigroup.
China making a bid to get American chip technology complete instead of having to steal portions. The Clintons must be involved.
Rant On!
Is there any doubt this deal will go through, the gov’t of U.S. is currently controlled by the Progressive Liberal Democrat/Rino Communist Party, doing business with other communist regimes is only one of the ways they intend to maintain power, China has benefited greatly and soon it will be Cuba the latest communist regime to be rewarded.
We the people sit and watch all this happening over and over again, thinking it will be changed in an election after election, we need to get it, the communists are in control there will be no fair and free elections from here on out, we the people have sat and watched ourselves become powerless, we have refused to depose this current tyrannical gov’t choosing instead to point fingers of blame everywhere but at ourselves.
Rant Off!
This is a huge national security risk. I think Micron is the last US manufacturer of NAND flash memory, which is in almost every mobile device.
This is perfect for the chinks. Steal the tech from Micron, introduce the usual chink cheap crap and failures into the Micron chips, let percolate through the US system for a few years, and when the failures start bringing down our most important systems, steal everything.
This has got to be quashed.
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