Study of Foreign Acquisition of U.S. Firms Prior to the Exon-Floria Amendment

摘要

This thesis examines the possible effects of foreign acquisition on the defenseindustrial base in the semiconductor industry. The problems and benefits of foreign acquisition are assessed in order to determine the consequence of foreign acquisition for industries critical to U.S. national security. Foreign investment in these critical areas has the attention of top officials in the legislative and executive branch, as evidenced by the passage of the Exon-Florio amendment. This legislation was intended to give the federal government the authority to prohibit foreign acquisition in cases where national security was a concern. This thesis examines foreign acquisition prior to the passage of Exon-Florio in order to discover whether such takeovers lead to the loss of such companies to the defense industrial base. Conclusions and recommendations are provided in the final chapter.