WASHINGTON : Republican Senator Marco Rubio took aim on Monday at U.S. regulatory approval of a bid by chip intellectual property company Alphawave to purchase U.S.-based OpenFive, alleging national security risks posed by Alphawave's ties to China's Wise Road Capital.
Earlier this year, he called on CFIUS to scrutinize the Alphawave deal, citing Chinese private equity firm Wise Road Capital's 10 per cent stake in Alphawave and the two companies' 2021 agreement giving Wise Road Capital the ability to license Alphawave technology to increase its customer base in China.
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