https://wccftech.com/china-weighing-a-takeover-bid-from-an-american-semiconductor-is-it-payback-time-for-the-recent-u-s-scuttling-of-chinese-takeovers/

China’s antitrust regulator is scrutinizing the attempt by Diode Inc. (NASDAQ:DIOD) – an American manufacturer and supplier of discrete, logic, analog and mixed-signal semiconductors – to acquire the Taiwan-based Lite-On Semiconductor Corp. (TPE:5305) along with its Shanghai-based affiliate, On-Bright Electronics Inc. (TPE:4947). According to Bloomberg, the scrutiny was necessitated by fears in China that the $428 million deal would deliver the Chinese affiliate of Lite-On into American hands and compromise national interests.

As a reference, Diode Inc. has a market capitalization of $2.33 Billion and a trailing twelve-month income of $138.3 million. On the other hand, On-Bright – the Chinese maker of chipsets for power management that’s listed in Taipei – has a market cap of NT$9.88 billion ($324 million).