US authorities believe that Zhou Bin 's personal meeting, voice information and text communication way' to his business partner and friends Yin Shaohua (Michael Yin) revealed that the Canyon Bridge may acquire Lattice Semiconductor's non-public information. Yin Shaohua is a Chinese hedge Fund managers, he also faces other insider trading allegations.New District of New York (Southern District of New York) Acting Federal Prosecutor and the United States Federal Bureau of Investigation issued a statement that Yoon Shaohua Lattice carried out a series of their own favorable Trading, profit of $ 5 million.
If all charges are true, Zhou Bin may face imprisonment for up to 30 years.
Canyon Bridge is headquartered in Palo Alto, California, has opened two founding partners Ray Bingham and Benjamin Chow (Zhou Bin), former Beijing Guojin Fund Managing Director, and served as partner of Beijing, Bingham is currently the executive director of Cypress Semiconductor, while Canyon Bridge's senior advisor is China Semiconductor's senior coffee, former SMIC CEO Wang Ningguo.National fund is a December 22, 2010 the establishment of asset management and management The company, by the State Council State-owned Assets Supervision and Administration Commission direct supervision in August this year, Canyon Bridge China office officially operational.
On November 3, 2016, the original plan, Canyon Bridge to 8.3 US dollars per share, cash acquisition of all shares of Lattice, a total of 1.3 billion US dollars. The agreement provides that after the acquisition of Lattice as a subsidiary of Canyon Bridge independent operation. Will become a Chinese company to buy the largest US chip industry, a deal, but also the headquarters of Palo Alto in the first Chinese companies announced the transaction.
However, the announcement of the acquisition over the past year, the acquisition of repeated encounters against multiple opposition, has not been approved, opponents worry that through the acquisition of the technology may be used by the Chinese military, but the company has argued that it will not constitute this Risk sources. The source said the two sides have decided not to seek CFIUS approval, due to regulatory rules permit, may turn to Trump approval. The source said that the $ 1.3 billion acquisition of both sides are considering a variety of programs, Help Trump is one of them, and the other includes extending the communication time with the group, or canceling the deal, and it is almost unheard of the foreign buyer to ask the president for a review of the US company's deal, rather than terminate the agreement.
However, on September 14, US President Trump called the deal on Wednesday, releasing a clear signal that the US government would oppose deals involving potential military application technology, and that Zhou Bin was sued for alleged insider trading , Canyon Bridge and Lattice acquisition of the outcome, seems to have settled.