Wednesday, July 15, 2015

McCain raises concerns about possible Chinese bid for U.S. chip maker

Republican Senator John McCain on Wednesday raised concerns about the potential national security implications of a proposed bid by a China's Tsinghua Unigroup Ltd's [TSHUAA.UL] to acquire U.S. chip maker Micron Technology, and called for a thorough U.S. review."I am concerned by the potential national security implications of a planned bid by a Chinese state-owned enterprise for Micron Technology, the last major American manufacturer of memory chips," the head of the Senate Armed Services Committee said in response to a query from . "It is critical that any proposed takeover receive careful and thorough review by the Congress, the Department of Defense, and other U.S. government agencies,” he said. (Reporting by Andrea Shalal; Editing by Chris Reese)

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