President Trump blocked Lattice Semiconductor Corporation from being acquired by several entities including Canyon Bridge Fund I, LP and China Venture Capital Fund Corporation, a private equity firm backed by a Chinese state-owned asset manager, citing national security concerns.

Trump issued the order Wednesday blocking the purchase of the U.S. chip maker for under the Defense Production Act of 1950, which permits him to restrain foreign entities from acquiring U.S. businesses if he deems there is evidence the foreign party might threaten the national security of the United States.