How Cfius is changing the definition of national security

Author: John Crabb | Published: 7 Feb 2018

The Committee on Foreign Investment in the United States (Cfius) has made a number of decisions this year on whether to allow Chinese inbound investments into the US, or to prevent them.

There has been some uncertainty since President Donald Trump took office in January 2017 on whether the Committee on Foreign Investment in the United States (Cfius) would continue to allow any Chinese inbound investment, given his vocalised distrust of the country, and that economic protectionism would overtake national security as its main driver. Recent transactions have gone some way to reassuring sceptics that, to some extent, the integrity of the agency remains intact.

Earlier this year, Cfius allowed Beijing-based Naura Microelectronics to acquire US semiconductor manufacturing equipment company Akrion Systems, and cleared the way for China’s Creat Group Corp to acquire Biotest for $1.4 billion (albeit only by separating its US business). The agency did however block MoneyGram’s...