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The U.S. blocking of Aixtron's takeover by a Chinese firm has highlighted the German chip equipment maker's importance in the sector, making its prospects for the future somewhat less bleak, its chief executive said. China's Fujian Grand Chip Investment Fund dropped its 670 million-euro ($712 million) takeover bid for Aixtron on Thursday, after the United States blocked the deal on security grounds. The crux of the issue for Aixtron is that it makes devices which produce crystalline layers based on gallium nitride that are used as semiconductors in weapons systems.
Crowdfunding platforms that offer loans should be regulated like mortgage lenders to improve safety and transparency for customers, Britain's Financial Conduct Authority said on Friday. The FCA was announcing the results of a public consultation into rules it introduced in 2014. "These include more prescriptive requirements on the content and timing of disclosures by both loan-based and investment-based crowdfunding platforms." The FCA said it will consult next year on additional rules to strengthen "wind-down" plans, additional requirements or restrictions on "cross-platform" investment, and extending mortgage-lending standards to loan-based platforms.