China chip deal gamble fails for Silicon Valley insider

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China chip deal gamble fails for Silicon Valley insiderOn paper, the offer from the private equity fund was a lucrative one – a $1.2 million signing bonus, a $2 million cut of its management fees and a 20 percent stake in the firm itself. Canyon Bridge was launched with a focus on acquiring technology investments, but President Donald Trump on Wednesday dealt a body blow to its ambitions, blocking its first deal, a planned $1.3 billion acquisition of chipmaker Lattice Semiconductor Corp (LSCC.O). Bingham has since left the boards of several tech companies, including Oracle Corp (ORCL.N), due to concerns about his involvement with the firm.

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