Japanese chip renesas electronics is now talking with the U.S. Intersil chip manufacturer about the takeover, transaction value of about $3 billion. The deal is the biggest key might not price or capital, but on the grounds of national security, many times to veto the foreign investments by CFIUS by the competent authority of the United States.

, according to Bloomberg reported Intersil's market capitalization of about 2.1 billion, although the transaction value of higher than 42%, but the cash position of $39 billion, renesas will therefore not be too big question. Were more likely to affect the success or failure of the the deal should be the attitude of the American authorities, especially the Committee on Foreign Investment in the United States (the Committee on Foreign Investment in the United States; CFIUS).

CFIUS is a committee of the federal government, by serves as chairman of the U.S. Treasury Department, responsible for enterprise's foreign investment review in America, to assess the effect of the transaction to U.S. national security. The commission has rejected the acquisition of more than the mainland companies, even the American trading company.

At the beginning of such as lotus, philips Lumileds leds department plan to sell a 80% stake to $2.8 billion mainland GSR ventures (GO Scale Capital), but because of concerns about the mainland may obtain sensitive technology and is not approved. But the committee on foreign investment in the United States sometimes surprising decision, such as approval of China chemical industry $4.3 billion deal to buy Swiss agricultural chemicals giant Syngenta trading case.

And fast acquisition of semiconductor (Fairchild), was fast and the board of directors choose CRC semiconductor and qing core alliance of China in Beijing, but affected by CFIUS intervention, and finally sold to various semiconductor (ON Semicondutor). Western Digital hard drive manufacturers want to sell a 15% stake to thunis group case also rejected.

It is also reported on renesas with Intersil deals can easily through reason, especially Intersil customer base including military and aerospace industry, and the ministry of defense and homeland security is a member of the CFIUS.

Mainland enterprises acquisition under the cause of the reject more closely associated with the enterprise and the government in Beijing, but major shareholder owns 69% of the renesas, Japanese officials and agencies industry innovation mechanism (INCJ), 95% of the money comes from the Japanese government, therefore, renesas links with foreign governments also very obvious.

If you really want to find out the differences, perhaps it is the government of Japan and the United States are Allies, but China is not. Intersil acquisition will test the fairness of the U.S. government when evaluating foreign takeover. If you can't put forward a convincing reason would approve the deal, so the problems China might think that the United States, trade tensions.