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00:00:01
>> A gutsy move by one tech company trying to sway Trump. I'm Liana B Baker with Reuters in New York. Lattice, a US tech company based in Portland, is asking the White House to approve its transaction that has already been rejected by the Committee on Foreign Investment, CFIUS.
00:00:20
Its buyer, Canyon Bridge, is based in Palo Alto. But Reuters uncovered last year that it's actually a shell company for the Chinese government. And it has ties to the space program and China's cabinet. Lattice's competitors make chips that are used by the US military. Lattice says it doesn't make any chips that are used in military technology, although it used to.
00:00:45
Trump officials have said that the US has transferred about $600 billion in IP, intellectual property, to China. This is one issue they're looking at. The White House has 15 days to decide on whether it'll approve this deal. Shares in Lattice have been trading as if there's no chance this deal will go through.
00:01:08
No US president has ever approved in 30 years a deal that the Committee on Foreign Investment has recommended against.