Yesterday, the Chinese Foreign Ministry spokesperson said at a regular press conference that the acquisition of German semiconductor company Ai Siqiang by China Hongxin Investment Fund was a normal commercial merger. Since it is a normal commercial merger, it should be implemented and grasped in accordance with commercial principles and market rules. "We don't want the outside world to give too much political interpretation of this normal business activity, and we should not politically interfere with it."
Foreign Ministry Spokesperson Yan Shuang said at a regular press conference today that we do not want the outside world to give too much political interpretation of this normal business activity, and should not be politically disturbed.
Q: It is reported that US President Barack Obama may announce that it will prevent China Hongxin Investment Fund from acquiring German semiconductor company Ai Siqiang. What is China's response to this?
A: The acquisition you mentioned is a normal commercial merger. Since it is a normal commercial merger, it should be implemented and grasped in accordance with commercial principles and market rules. We do not want the outside world to give too much political interpretation to this normal business activity, and we should not politically interfere with it.
Earlier, there were reports that informed sources revealed that US President Barack Obama will prevent China's Fujian Hongxin Investment Fund (FGC) from acquiring German chip equipment manufacturer Ai Siqiang. People familiar with the matter said that Obama may accept the proposal of the US Foreign Investment Committee (CFIUS) on Friday to ban the sale of Ai Siqiang to Hongxin.
According to Reuters, Ai Siqiang has not received any ruling from the White House.
Foreign media reported that US President Barack Obama prevented Chinese companies from acquiring German Ai Siqiang. This is the third time that the US president has rejected commercial transactions on the grounds of national security risks for more than 25 years.
The Treasury Department issued a statement on Friday saying that Obama agreed with the US Foreign Investment Committee's suggestion that China Hongxin Investment Fund should be prevented from acquiring the German semiconductor equipment supplier.
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Ai Siqiang is a well-known German semiconductor equipment supplier and one of the only companies in the world that can produce MOCVD equipment (the other is the American company VEECO). MOCVD is a key core device for LED epitaxial chip manufacturing.
The German Federal Ministry of Economic Affairs approved the acquisition of the company by Fujian Hongxin Fund on September 8 this year, but suddenly “repented†on October 24. Germany and the United States disclosed that the move was related to the involvement of US intelligence agencies. The US intelligence department said that Ai Siqiang's technology can also be used in the military industry such as satellite and radar.
Northrop Grumman Corp., a world-renowned arms dealer and an important partner of the US Department of Defense, is one of Ai Siqiang's customers.
Subsequently, the US Foreign Investment Committee launched an investigation into the case and announced the results of the investigation on November 17 local time: This acquisition threatens US national security and recommends that the US President come forward to stop it. According to the corresponding regulations, Obama should finalize the final ruling 15 days after receiving the proposal, that is, December 2.
Prior to this, Obama only vetoed a foreign investment in his post, that is, on September 28, 2012, an administrative order was issued to prohibit Sany Heavy Industry from purchasing four of the US Navy Training Logistics Base near Ralls Corp. Wind farm.
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