It recently became official that the CFIUS group has blocked the sale of Philips Lumileds to a Chinese-led investment group. While there does not seem to be an official explanation, doubts emerged at the beginning of the CFIUS review last October. Back in November, we looked at how Lumileds had received a large amount of funding from the
Governments often sponsor research and development projects because technology innovation fuels economic growth and job creation. When Governments invest in these projects, the hope is that these R&D projects will have beneficial effects on their country’s economy and resources. These projects often create extremely valuable developments in life sciences, defense, energy, and many other industries.