A variety of SanDisk memory cards are seen with a Western Digital hard drive box in Golden, Colorado in this photo illustration October 21, 2015 file photo. REUTERS/Rick Wilking/Files
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A Chinese tech firm has abandoned a multi-billion dollar investment in an American hard-disk manufacturer, state media reported Thursday, after the plan came under scrutiny from U.S. lawmakers.Unisplendour Corp (UNIS) will rescind its $3.8 billion dollar offer for approximately 15 percent of California-based Western Digital, the Global Times reported.CFIUS has increased its scrutiny of Chinese firms in recent years as capital increasingly flows from China into the U.S ..As a result, eye-popping acquisitions of U.S. companies by Chinese firms have become increasingly common.Over the last three years, CFIUS has reviewed 68 Chinese acquisitions, more than any other country, according to a report from the committee to the U.S. Congress.
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