Dive Brief:
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The Wall Street Journal said Chinese state-owned firm Tsinghua Unigroup is preparing a $23 billion bid for U.S. chipmaker Micron.
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The deal, should it go through, would be the biggest Chinese takeover of a U.S. firm to date.
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Word of the potential deal is already raising national security concerns among some groups, who say recent hacks of U.S. data attributed by some to the Chinese have raised concerns about sharing data with that country.
Dive Insight:
State-owned Tsinghua Unigroup already has partnerships with Intel and HP. But an actual merger between Micron and Tsinghua Unigroup would have to be reviewed by the Committee on Foreign Investment in the U.S.
Whenever a foreign entity seeks to gain control of a U.S. company, the Committee on Foreign Investment assesses any potential national security effects.
