{"id":19180,"date":"2026-04-17T21:30:57","date_gmt":"2026-04-17T21:30:57","guid":{"rendered":"https:\/\/jobuzo.com\/en\/chinese-led-chipmakers-purchase-of-dutch-firm-collapses-after-us-opposition\/"},"modified":"2026-04-17T21:30:57","modified_gmt":"2026-04-17T21:30:57","slug":"chinese-led-chipmakers-purchase-of-dutch-firm-collapses-after-us-opposition","status":"publish","type":"post","link":"https:\/\/jobuzo.com\/en\/chinese-led-chipmakers-purchase-of-dutch-firm-collapses-after-us-opposition\/","title":{"rendered":"Chinese LED chipmaker\u2019s purchase of Dutch firm collapses after US opposition"},"content":{"rendered":"
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China’s leading LED chipmaker and its Malaysian partner have abandoned their US$239 million cash offer to purchase Dutch technology company Lumileds Holding after opposition from US authorities, marking the latest setback for Chinese tech investment overseas<\/span> following the high-profile Nexperia saga.<\/div>\n
Sanan Optoelectronics, listed in Shanghai, said in a disclosure announcement on Friday that despite multiple rounds of discussions, the Committee on Foreign Investment in the United States<\/span> (CFIUS) determined the transaction would pose “irresolvable US national security risks” and asked the firms to withdraw their filing and abandon the transaction.<\/div>\n

“Accordingly, on April 17, 2026, the parties submitted a letter to CFIUS withdrawing the filing and voluntarily abandoned the transaction,” the statement said.<\/p>\n

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Under the share purchase agreement, regulatory clearance from all relevant domestic and overseas authorities was a closing condition. With CFIUS effectively derailing the deal, that condition could no longer be met, according to the firm.<\/p>\n

This is the second time a Lumileds sale to a Chinese buyer has collapsed following CFIUS opposition, highlighting the complex situation facing Chinese tech firms<\/span> seeking global customers through acquisitions.<\/div>\n
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Sanan Optoelectronics says it will continue to pursue its internationalisation strategy with resolve. Photo: Shutterstock<\/figcaption><\/figure>\n<\/div>\n<\/div>\n

“The company will continue to pursue its internationalisation strategy with resolve, and will press ahead in strengthening its competitiveness in the mid-to-high-end LED sector and in global markets,” Sanan said. The collapsed deal would not materially affect its finances or day-to-day operations, the firm added.<\/p>\n

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Chinese LED chipmaker’s purchase of Dutch firm collapses after US opposition<\/sub><\/p>\n","protected":false},"excerpt":{"rendered":"

China’s leading LED chipmaker and its Malaysian partner have abandoned their US$239 million cash offer to purchase Dutch technology company Lumileds Holding after opposition from US authorities, marking the latest setback for Chinese tech investment overseas following the high-profile Nexperia saga. Sanan Optoelectronics, listed in Shanghai, said in a disclosure announcement on Friday that despite…<\/p>\n

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