AIXTRON, one of the world’s leading providers of deposition equipment to the semiconductor industry, announced today that Grand Chip Investment GmbH (GCI) declared today that the voluntary public takeover offer for the acquisition of all shares, including all shares represented by ADSs, of AIXTRON SE (AIXTRON) by GCI published on July 29, 2016 has lapsed due to the non-fulfillment of an offer condition.

The chances of Chinese investor Grand Chip Investment (GCI) acquiring Aixtron are looking rather slim, following U.S. President Barack Obama recent order that bans the business transaction, reported Bloomberg.

German MOCVD manufacturer Aixtron and Chinese investor Grand Chip Investment are determined to complete the acquisition business transaction despite objections raised by the Committee on Foreign Investment in the United States (CFIUS).

AIXTRON SE, one of the world’s leading providers of deposition equipment to the semiconductor industry, announced today that the German Federal Ministry of Economics and Energy has withdrawn vis-à-vis Fujian Grand Chip Investment Fund LP, as indirect shareholder of Grand Chip Investment GmbH, its Clearance Certificate (Unbedenklichkeitsbescheinigung) issued on September 8, 2016 and announced a reopening of review proceedings in connection with the takeover offer by Grand Chip Investment GmbH.