CFIUS greenlights Akrion sale to Naura

US regulators' approval comes amid tightening scrutiny of Chinese FDI

Beijing-based Naura Microelectronics Equipment Co Ltd announced it has finalized a deal to buy the United States' Akrion Systems LLC, a semiconductor manufacturing equipment company, following approval from the Committee on Foreign Investment in the United States.

"As far as we are aware, this is the first Chinese acquisition of a US company to be approved by CFIUS under the Trump administration," Gibson, Dunn& Crutcher LLP partner Fang Xue, one of the lawyers representing Naura in the deal, is quoted by Reuters as saying.