Chinese Acquisition of Semiconductor Firm Poses Security Risks, US Treasury Warns

An exterior view of the building of US Department of the Treasury is seen in Washington, on March 27, 2020. (Olivier Douliery/AFP via Getty Images)
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The U.S. Treasury Department said the sale of Magnachip Semiconductor Corp. to a Chinese private equity firm poses “risks to national security,” as Chinese investments in critical technologies meet with enhanced U.S. scrutiny. Magnachip, a South Korean producer for display and power chips, sold its controlling stake in late March to Chinese private equity firm Wise Road Capital in an all-cash deal worth about $1.4 billion. The Committee on Foreign Invest
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