China's semiconductor leading enterprise group, the purple lights the second attempt has also died in the United States.

On the evening of February 23, purple light group unisplendour announcement, as to buy a 15% stake in the western data transaction need to perform the foreign investment commission (CFIUS) review process, the board of directors of the company decided to terminate the trading amount of nearly 24 billion yuan.

In 2014, violet light had planned $23 billion takeover of America's largest memory chip companies micron technology, also because of CFIUS review, the plan failed to perform. In September 2015, the Internet during the assembly, purple light, western digital, said in a statement released cooperation at the same time, the purple light for $3.8 billion to buy a 15% stake, western digital become the largest shareholder. The acquisition by relevant domestic industries, capital, China's ministry of commerce also released for western digital performance "about changing the western data acquisition announcement of restrictive conditions" Hitachi storage concentration.

On February 23, terminate the deal's announcement was expected capital. On February 24, unisplendour opened down 6%, as of the close, shares closed at 66.52 yuan, the purple lights, than 23 closing price fell 5.78%. The United States time on February 23, western digital shares also fell more than 6%.

Top Chinese capital into CFIUS review goals

In fact, in 2015, the us authorities had pointed out to investigate the investment. Several people familiar with the matter to the 21st century economic reporter said: "although the purple light is just announced on February 23, but last December, the deal has veto by CFIUS." China's capital are increasingly in the CFIUS to stumble. CFIUS from foreign investment to carry out the review in the view of national security agencies in the United States.

Not only the purple light. On January 22, 2016, the Yangtze river's $3.3 billion takeover of philips LED business deals also veto by CFIUS. Philips CEO disappointed, said: "the opposition in the surprise to the CFIUS, who also won't think that the U.S. government would object to a pile of lighting equipment transactions." According to foreign media reports, the deal was rejected because of business involved in the acquisition of a core technology, gallium nitride semiconductor.

Over the same period, fairchild semiconductor veteran company because of concerns about not by CFIUS review, rejected from China resources group and the core of China offer. Acquisition, investment in the United States in the field of semiconductor resistance.

Since 2014, the Chinese government to the integrated circuit industry promotion guidelines, set up 130 billion IC industry funds, local governments were established policies and funding to support the integrated circuit industry, reshaping the semiconductor industry has also been written into the "made in China 2025" planning. At present, the government has introduced a broadband countries such as China, network security, Internet + strategy, and determined over the next 15 years will be the core of the strategy, the semiconductor industry development become the international leading industry.

From 2014 to 2015, including purple light group, many enterprises to seek with the aid of capital strength reshape the industry pattern, expectations through acquisitions, joint ventures and other ways to achieve technical reserves, the transfer of intellectual property, human resources, with the most advanced and largest semiconductor company is undoubtedly the best investment market in the United States. It is worth mentioning, including Intel, high flux, Texas instruments and chip giant began in the United States, investment technology, capital, seek strategic opportunities in China.

But at the same time, the U.S. government has to. Data released on Friday, the us Treasury, in recent years, the United States in the number of foreign investment on national security grounds audit soaring, and capital has become the number one target review from China. In 2014, the Chinese investors submit to CFIUS to plan to review the 24, 21 more than the British. In 2015, the number of investment from China is still growing.

Although the United States declared CFIUS fairness and justice, but the fact is not like this. Core domestic famous semiconductor research institute for research, chief analyst at wen-jun gu had earlier told reporters: "many semiconductor companies in the United States, a hearing is the Chinese capital is not to talk directly, because it is hard to pass the U.S. government for examination and approval, the other party don't want to waste time." Wen-jun gu predicted that in 2016 China's slower capital international mergers and acquisitions, mergers and acquisitions and mergers and acquisitions successful cases are dramatically lower than in 2015.

Case, the purple light and west data, according to people familiar with the "acquisition, purple light to discuss a plan with western data, proposed acquisition of only 15% of the equity, the proportion, are theoretically need not declare at CFIUS, also need not review. But even so, still named by CFIUS review." CFIUS "gatekeepers" of China's capital is more and more strict.

Purple light to domestic

Semiconductor mecca, however, are not only the United States, purple light investment direction is not just a western digital. Spent nearly 17 billion yuan at the end of 2015, purple light, has stakes in Taiwan in China into silicon, south MAO, three testing company, the three companies are all of the world's top ten testing companies.

At present, the acquisition is waiting for the Taiwan government for examination and approval. People familiar with the matter said: "the west is not bright Oriental bright force into, south MAO's approval already."

In November 2015, the purple light group, through its core tongfang countries launched 80 billion issue. At the same time, the purple light group chairman wei-guo zhao also announced over the next three years to reserve 300 billion class PE funds, key inputs networking, storage, mobile chip area. Memory is by far the most important investment direction, purple light group, of course, is also the focus of the domestic semiconductor industry. Local governments all hope in the local building "storage industry base in China".

"From the point of western the acquisition data was rejected, the United States is really not ready to let go of the memory." Xiao-min han, an analyst at ccid semiconductor industry research center in an interview with reporters, said: "memory chip technology imported from America is almost impossible."

However, all roads lead to Rome. Seeking overseas acquisitions in violet light group at the same time, domestic enterprises are also layout is stored by means of the imported technology industry.

Xiao-min han introduction, "in the past more than a year of time, hefei, wuhan etc. Local governments are preparing to enter the storage, and the situation has become increasingly clear." At present, the government plans to joint, boe hefei with Japanese companies, will be up to the former President sakamoto death-squad cooperation into storage. Hefei government funding support, resources, which provides technology, talent, the factory has already begun construction. While wuhan government to the local enterprises new core IC manufacturing company limited as the main body, bringing in advanced technology development of storage industry. Xiao-min han said: "at present, the technology of the wuhan has found a partner, but has not yet been released."

In 2015, by contrast, the momentum of the most fiercely purple light seems to be a bit awkward situation. Purple light, however, have strong capital support, and in 2015 the introduction of Taiwan memory leader, former huanan subfamily Gao Qiquan chairman to join us. After terminating its western data, purple light may suspend international acquisition process, will mainly concentrate on the layout at home, and hefei, wuhan and other local government competition "storage industry base in China".