The fund with large Chinese State-owned enterprises as its main investors gained sudden attention last September after its $1.3 billion deal to buy US chipmaker Lattice Semiconductor was barred by the Committee on Foreign Investment in US, a reviewing panel staffed by senior officials from Washington, D. C. , over national security concerns.

The collapsed Lattice deal underlined the rising hurdles for Chinese investors in the US amid intensified regulatory scrutiny on foreign takeovers of American business.

Last September, the US blocked the $1.3 billion purchase of US chipmaker Lattice Semiconductor Corp by California-based Canyon Bridge Capital Partners LLC, a private equity firm with China connections.

Graphene is an allotrope of carbon in the form of a two-dimensional, atomic-scale, honey-comb lattice.

In early September, Canyon Bridge, which is backed by State-owned Chinese fund Yitai Capital, saw its $1.3 billion attempt to acquire American chipmaker Lattice Semiconductor blocked by US President Donald Trump over national security concerns.

The LED production line of Lattice Power Corp in Nanchang, Jiangxi province.

The head of Chinese Lattice Power Corp confirmed the group is looking to buy foreign companies involved in the light-emitting diode, or LED, industry.

Wang Min, chief executive officer of Lattice Power, said it had a billion-dollar war chest when it came to acquisitions.

Lattice Power tried to buy Lumileds, the United States-based subsidiary of Philips NV two years ago.

Lattice Power has become a major player here with revenue from its main LED business reaching 861 million yuan in 2016, up 13.7 percent year-on-year.

Since then, Lattice Power has launched an international partnership drive to attract more enterprises with LED expertise to set up workshop at Optics Valley.

It made headlines last year with a failed attempt to buy US semiconductor maker Lattice Semiconductor.