Tech Company Receives CFIUS Clearance to Buy US EV Equipment Manufacturer
Singapore-based Foxconn Ventures, an affiliate of Taiwan-based technology firm Hon Hai Technology Group, recently received U.S. clearance to acquire American electric vehicle equipment manufacturer Lordstown Motors, Squire Patton said in a May 8 post. The parties received clearance from the…
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Committee on Foreign Investment in the U.S. April 25, the law firm said. The purchase was valued at about $50 million.