Concerns Over National Security Prompted Order to Cancel Chip Asset Deal

President Trump has directed a Chinese-controlled company to cancel a chip asset deal citing national security concerns. The U.S. has identified risks related to chip Intellectual Property (IP), specialized knowledge, and the supply chain of indium phosphide. This move underscores the escalating scrutiny of foreign technology agreements amidst the ongoing competition between the United States and China. The decision to request the cancellation of the chip asset deal by the U.S. based on national security grounds sends a clear message about America’s vigilance in safeguarding sensitive technologies. The concerns raised encompass various crucial aspects such as the intellectual property of…