McCain raises concerns about possible Chinese bid for U.S. chip maker

WASHINGTON (Reuters) - Republican Senator John McCain on Wednesday raised concerns about the potential national security implications of a proposed bid by a China's Tsinghua Unigroup Ltd's to acquire U.S. chip maker Micron Technology (NASDAQ: MU), and called for a thorough U.S. review.

"I am concerned by the potential national security implications of a planned bid by a Chinese state-owned enterprise for Micron Technology, the last major American manufacturer of memory chips," the head of the Senate Armed Services Committee said in response to a query from Reuters.

"It is critical that any proposed takeover receive careful and thorough review by the Congress, the Department of Defense, and other U.S. government agencies,” he said.

(Reporting by Andrea Shalal; Editing by Chris Reese)

You May Also Be Interested In

• Shutterstock and Getty Images merger terminated after CMA conditions
• Popular stocks with increasing option volume: MU INTC SPCX PLTR SOFI ORCL RIVN NFLX MSTR MRVL
• Genco rejects Diana Shipping's $24.80 tender offer as misleading