Republican Senators Urge CFIUS Review of Chinese Acquisition of U.S. Semiconductor Company

Last week, five Republican Senators sent a letter to U.S. Department of Treasury Secretary Janet Yellen urging the Department to conduct a Committee on Foreign Investment in the United States (CFIUS) review of Chinese-funded Alphawave IP Group’s intent to acquire U.S.-based semiconductor IP developer OpenFive, "a leading developer of system-on-chip (SoC) intellectual property (IP)."