US warns Berlin on China takeover of chipmaker: report

Frankfurt

US intelligence services warned Berlin that a now on-hold Chinese takeover of German semiconductor equipment maker Aixtron could give Beijing access to technology that could be used for military purposes, business daily Handelsblatt said.

The German economy ministry said on Monday that it had withdrawn its approval for Fujian Grand Chip Investment Fund (FGC) to buy the Aachen-based firm for 670 million euros (S$1 billion), citing previously unknown security-related information.