Regarding the Proposed Acquisition of a Controlling Interest in Aixtron SE by Grand Chip Investment GmbH
Headline: Foreign Purchasers Ordered to Abandon Aixtron U.S. Acquisition
What it does: The order directs the Secretary of the Treasury to transmit this order to named parties and authorizes the Attorney General to enforce it.
- Blocks a foreign-led purchase of Aixtron's U.S. business.
- Requires the buyers and company to abandon the deal within 30 days or extended period.
- Creates weekly certification requirements and prohibits attempts to bypass the order.
Summary
This order prohibits a proposed purchase of the U.S. business of Aixtron by a group of foreign investors and requires the buyers and Aixtron to fully and permanently abandon the transaction. The order finds that the proposed acquisition might threaten U.S. national security.
The buyers, the German parent company, the Chinese partners named in the order, and Aixtron's U.S. subsidiary must certify termination to the government and provide weekly compliance reports until the deal is ended; the Treasury must send the order to the named parties and the Attorney General may enforce it.
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