APRIL 2018 U.S. reportedly raises objections to state-run Chinese company taking control of Long Beach port terminal http://www.latimes.com/business/la-fi-long-beach-terminal-20180420-story.html  April 20, 2018 Committee on Foreign Investment in the United States (CFIUS) is reportedly raising objections that Cosco Shipping Holdings Co.., a state-run Chinese company that could take control of a container terminal at the Port of Long Beach as part of its $6.3-billion acquisition of Hong Kong based company Orient Overseas International. Orient Overseas has US assets, including a nearly fully automated terminal known as the Long Beach Container Terminal, for which Orient Overseas has a long-term lease. The secretive committee, which is chaired by the Treasury Department and focuses on national security, is reviewing Cosco's planned acquisition of Orient Overseas International. "CFIUS reviews focus on national security concerns, and Treasury takes the role as chair of CFIUS very seriously, to ensure that CFIUS identifies and addresses any national security concerns posed by such foreign investment," a Costco spokesperson said. The review follows President Trump's March rejection of Singapore-based Broadcom's planned purchase of Qualcomm after CFIUS raised concerns that the San Diego chipmaker would be weakened, leading China to gain an upper hand in 5G technology. See WSJ: U.S. Questions Cosco’s Takeover of Cargo Terminal in Long Beach https://www.wsj.com/articles/u-s-questions-coscos-takeover-of-cargo-terminal-in-long-beach-1524249281 Chinese shipping giant willing to divest California port operations to clear CFIUS review of $6.3 billion takeover of Asian rival CFIUS has scuttled several recent transactions, including Broadcom Ltd.’s $117 billion takeover of chip rival Qualcomm Inc. and the sale of MoneyGram International Inc. to Chinese billionaire Jack Ma’s Ant Financial Services Group.  Its review of the shipping deal comes at a tense time between the U.S. and China, with leaders threatening to impose new tariffs and regulators on both sides of the Pacific weighing in on more matters. On Thursday, China’s antitrust regulator said it had concerns about Qualcomm Inc.’s $44 billion purchase of rival NXP Semiconductors .  Days earlier, the U.S. banned American companies from selling products to ZTE Corp., a Chinese maker of telecommunications equipment.  Cosco, which operates around 350 container ships, hasn’t hidden its ambition to become one of the world’s dominant carriers. A takeover of Orient Overseas would make Cosco the world’s third-biggest container operator in terms of capacity, behind Denmark’s Maersk Line and Switzerland-based Mediterranean Shipping Co.