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UPDATE 1-Reported Chinese offer for Micron faces far too many hurdles

WASHINGTON/ SAN FRANCISCO July 14- A Chinese state-backed company's plan to buy U.S. chip maker Micron Technology faces no shortage of obstacles- questions about the price, worries on Capitol Hill, an aggressive regulator- and any one of them could torpedo the deal. But China's critics on Capitol Hill worried about the impact on the Defense Department.
Source: Reuters | By: Diane Bartz, Noel Randewich and Andrea Shalal
Mooted Chinese offer for Micron undervalues chipmaker - analysts

July 14- China's Tsinghua Unigroup Ltd would need to pay as much as $38 billion to buy Micron Technology Inc, analysts said- assuming that the U.S. government approved the purchase of last U.S. maker of dynamic random access memory chips. China has been expressing strong interest in building up its domestic chip industry, and buying Micron would be a major coup.
Source: Reuters | By: Devika Krishna Kumar