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China's Fujian Grand Chip Investment Fund has dropped its takeover bid for German chip equipment maker Aixtron after U.S. President Barack Obama blocked the deal. Fujian's takeover vehicle Grand Chip Investment said on Thursday its offer had lapsed as it had failed to obtain U.S. regulatory approval for the purchase, which had been a condition of the deal. Shares in Aixtron were down 3.1 percent at 3.78 euros by 1127 GMT, well below the 6 euros per share Grand Chip Investment offered in May. Last week, Obama stopped Fujian from buying Aixtron U.S., the division of the German company in Silicon Valley where nearly a fifth of its 713-strong workforce is based.
TOKYO (AP) — In a story published Dec. 5 about Japanese Prime Minister Shinzo Abe's upcoming visit to Pearl Harbor, The Associated Press reported erroneously that he would be the first Japanese leader to do so. Prime Minister Shigeru Yoshida visited in 1951.