Notable Cases
In 1990 and 2012, respectively, only two foreign investments have been blocked by U.S. presidents, though others have been considered and, often, less explicitly opposed:
- 1990: President George H. W. Bush voided the sale of MAMCO Manufacturing to a Chinese agency, ordering China National Aero-Technology Import & Export Corporation to divest themselves of Seattle-based MAMCO
- 2000: NTT Communications' acquisition of Verio
- 2005: The acquisition of IBM's personal computer and laptop unit by Lenovo was approved by President George W. Bush
- 2005: The acquisition of Sequoia Voting Systems of Oakland, California, by Smartmatic, a Dutch company contracted by Hugo Chávez's government to replace that country's elections machinery
- 2005: State-owned China National Offshore Oil Corporation's attempted acquisition of Unocal Corporation
- 2006: State-owned Dubai Ports World's planned acquisition of P&O, the operator of many US ports, including New York
- 2012: Ralls Corporation, owned by the Chinese Sany Group, was ordered by President Barack Obama to divest itself of four small wind farm projects located too close to a U.S. Navy weapons systems training facility in Boardman, Oregon
Read more about this topic: Committee On Foreign Investment In The United States
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