Obama set to block Aixtron sale

|About: Aixtron SE (AIXXF)|By:, SA News Editor

President Obama is poised to block a Chinese company from buying Germany's Aixtron (NASDAQ:AIXG) because Northrop Grumman (NYSE:NOC), a major U.S. defense contractor, is among the chip equipment maker's customers.

It would mark only the third time in more than a quarter century that the White House rejected an investment by an overseas buyer as a national security risk.

Aixtron shares -6.5% in Frankfurt.