U.S. Council approved the acquisition of affiliated companies with Chinese enterprises

U.S. Senator Luberio criticized the US regulatory agency approved chip intellectual property company Alphawave to acquire chip manufacturing intellectual property rental companies on Monday (August 29).Chinese companies have a relationship and constitute risks for national security.

According to Reuters, Republican Party members such as Marco Rubio criticized the acquisition of the Huagong in China.He advocated that the regulatory agency's US Foreign Investment Commission (CFIUS) reviewed his transactions that he believed to be related to China and believed that China constituted a national security risk.OpenFive is a company headquartered in the United States.

Lubero called on CFIUS to review the acquisition earlier this year because the Chinese private equity company Zhilu Capital held 10%of Alphawave, and the two companies reached an agreement in 2021 to allow allowing to allow an agreement to allow allowedZhilu Capital provides Chinese customers with AlphaAve technology license.

He refers to the US Biden government on Monday again that they are completely reluctant to seriously handle the threat of China ’s purchase and stealing American intellectual property rights, and say that the competitiveness of the United States will be in the long run.As a result, it is affected.

Alphawave, headquartered in Toronto, Canada and London, UK, announced last Friday (26th) and has obtained regulatory licenses from CFIUS and other units.

This acquisition is expected to be completed next month.

CFIUS competent institutions of the United States Finance, OpenFive and Zhilu Capital have not yet responded to Reuters' review requests.Alphawave refused to comment.

It is reported that Liu Pengyu, a spokesman for the Chinese Embassy in the United States, said in response that China opposed the politicization of the M & A case or political intervention.He also pointed out that some American politicians have accused China of stolen intellectual property under the lack of solid evidence.

Zhilu Capital had previously participated in the merger between American chip manufacturer Magnachip (Magnachip), but after the CFIUS identified merger case constituted risks to national security, the two companies last December last yearAnnounce the termination of the transaction.