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Exclusive: Micron does not believe deal with Tsinghua is possible - sources

Micron Technology Inc has told China's Tsinghua Unigroup Ltd that its $23 billion acquisition offer is not realistic because U.S. authorities would block the deal due to national security concerns, according to people familiar with the matter.

The Boise, Idaho-based chipmaker's response to Tsinghua's overtures illustrates the hurdles the Chinese state-backed investment firm would have to overcome given the enormous dependence of modern weapons on computer chips.

Micron thinks that an acquisition by Tsinghua would not be approved by the U.S. inter-agency task force called the Committee on Foreign Investment in the United States (CFIUS), which has the power to stop mergers that might endanger national security, the people said on Monday.

By the end of last week, Tsinghua had communicated its interest to Micron about an acquisition but had not presented a formal offer, according to the...


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