US ‘warned Merkel’ opposite Chinese takeover of tech firm

Germany suddenly announced on Monday that it had topsy-turvy a position on a €670-million takeover by China’s Grand Chip Investment, observant it was putting a understanding behind underneath review.

The German economy method pronounced a preference was done after new “security-related information” came to light, though gave no serve details.

Citing German comprehension sources, a Handelsblatt daily reported that a U-turn came after a US tip services intervened to retard a deal.

“US authorities alerted Germany’s chancellory that Aixtron products could potentially have troops uses,” it said. “Sources pronounced Washington feared that China could use chips from Aixtron in a chief programme.”

A mouthpiece for a German economy method declined to criticism on a article.

The debate comes amid flourishing confusion in Germany over a fibre of Chinese takeovers in new years that have fuelled fears of high-end egghead property, record and expertise vacating for China.

Germany Economy Minister Sigmar Gabriel, who has urged Brussels to improved defense pivotal EU industries from unfamiliar investors, is due to transport to China subsequent week where a stalled Aixtron understanding is certain to come up.

Germany’s examination of a understanding could take adult to 3 months, a method mouthpiece said.