The US agency responsible for screening foreign investment deals has blocked a Chinese fund’s US$1.4 billion takeover of a South Korean chip maker, as Washington continues to exert its influence to restrict China’s access to semiconductor technologies.Chinese buyout fund Wise Road Capital has withdrawn its bid for Magnachip after the deal failed to receive approval from the Committee on Foreign Investment in the United States (CFIUS), according to a statement from the Seoul-based company on…

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