Presidential Documents

Federal Register / Vol. 82, No. 179 / Monday, September 18, 2017 / Presidential Documents 43665 

Order of September 13, 2017 

Regarding the Proposed Acquisition of Lattice Semiconductor 

Corporation by China Venture Capital Fund Corporation 

Limited 

By the authority vested in me as President by the Constitution and the 

laws of the United States of America, including section 721 of the Defense 

Production Act of 1950, as amended (section 721), 50 U.S.C. 4565, it is 

hereby ordered as follows: 

Section 1. Findings. (a) There is credible evidence that leads me to believe 

that (1) Canyon Bridge Merger Sub, Inc., a corporation organized under 

the laws of Delaware (Merger Sub); (2) Merger Sub’s parent companies 

Canyon Bridge Acquisition Company, Inc., a corporation organized under 

the laws of Delaware (Acquisition Company), Canyon Bridge Capital Investment Limited, an entity organized under the laws of the Cayman Islands 

(Capital Investment), and Canyon Bridge Fund I, LP (CBFI), a limited partnership organized under the laws of Delaware; and (3) CBFI’s limited partner 

Yitai Capital Limited, a company organized under the laws of Hong Kong 

(Yitai), and Yitai’s parent company China Venture Capital Fund Corporation 

Limited, a corporation organized under the laws of the People’s Republic 

of China (CVCF and, together with Merger Sub, Acquisition Company, Capital 

Investment, CBFI, and Yitai, the Purchasers), through exercising control 

of Lattice Semiconductor Corporation, a corporation organized under the 

laws of Delaware (Lattice), might take action that threatens to impair the 

national security of the United States; and 

(b) Provisions of law, other than section 721 and the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.), do not, in my judgment, 

provide adequate and appropriate authority for me to protect the national 

security in this matter. 

Sec. 2. Actions Ordered and Authorized. On the basis of the findings set 

forth in section 1 of this order, considering the factors described in subsection 

721(f) of the Defense Production Act of 1950, as appropriate, and pursuant 

to my authority under applicable law, including section 721, I hereby order 

that: 

(a) The proposed acquisition of Lattice by the Purchasers (the proposed 

transaction) is prohibited, and any substantially equivalent transaction, 

whether effected directly or indirectly by the Purchasers, through the Purchasers’ shareholders or shareholders’ immediate, intermediate, or ultimate 

foreign person beneficial owners, or through the Purchasers’ subsidiaries, 

is also prohibited. 

(b) The Purchasers and Lattice shall take all steps necessary to fully 

and permanently abandon the proposed transaction not later than 30 days 

after the date of this order, unless such date is extended by the Committee 

on Foreign Investment in the United States (CFIUS) for a period not to 

exceed 90 days, on such conditions as CFIUS may require. Immediately 

upon completion of all steps necessary to terminate the proposed transaction, 

the Purchasers and Lattice shall certify in writing to CFIUS that such termination has been effected in accordance with this order and that all steps 

necessary to fully and permanently abandon the proposed transaction have 

been completed. 


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43666 Federal Register / Vol. 82, No. 179 / Monday, September 18, 2017 / Presidential Documents 

(c) From the date of this order until the Purchasers and Lattice provide 

a certification of termination of the proposed transaction to CFIUS pursuant 

to subsection (b) of this section, the Purchasers and Lattice shall certify 

to CFIUS on a weekly basis that they are in compliance with this order 

and include with that certification a description of all efforts to permanently 

abandon the proposed transaction and a timeline for projected completion 

of remaining actions necessary to effectuate the abandonment. 

(d) Any transaction or other device entered into or employed for the 

purpose of, or with the effect of, avoiding or circumventing this order 

is prohibited. 

(e) The Attorney General is authorized to take any steps necessary to 

enforce this order. 

Sec. 3. Reservation. I hereby reserve my authority to issue further orders 

with respect to the Purchasers or Lattice as shall in my judgment be necessary 

to protect the national security of the United States. 

Sec. 4. Publication and Transmittal. (a) This order shall be published in 

the Federal Register. 

(b) I hereby direct the Secretary of the Treasury to transmit a copy of 

this order to the parties to the proposed transaction named in section 1 

of this order. 

THE WHITE HOUSE, 

September 13, 2017. [FR Doc. 2017–20005 

Filed 9–15–17; 11:15 am] 

Billing code 3295–F7–P 


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