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China'sFujianGrandChipInvestmentFund(FGC)announcedonThursdayonitswebsitetowithdrawitsofferforGermanchipequipmentmakerAixtron.

FGCsaidintheannouncementthatthetakeoverofferhaslapsed.Meanwhile,alreadyacquiredpaperswouldbeexpectedtobere-bookedonDecember13.

Aixtron'sCEOMartinGoetzelertoldtheGermannewspaperHandelsblattthatheisdisappointedandnowauthorityagenciesareneededintheinterestofsecurityandjobs.

GoetzeleraddedthatAixtronwouldbethreatenedtofacehardcutsandlossesofjobswithoutthesale.

"WehavenotedthatthebidderhaswithdrawnhisoffertotakeoverAixtron,"aspokesmanfortheGermanyFederalMinistryforEconomicAffairsandEnergy(BMWi)wasquotedassayingbyGermanmedia.

Thismeansthattheexaminationofthefederalgovernmentfortheissueofaclearancecertificateisnolongernecessary,thespokesmanadded.

InOctober,BMWisuddenlywithdrewtheclearancecertificateforFGC.Theministrythenreopenedthereviewofthe670-million-euro(715-million-U.S.dollar)dealafteritwasinitiallyapprovedonSept. 8.

Lastweek,U.S.PresidentBarackObamablockedFGC'spurchaseofAixtron'sU.S.businessdespiteobjectionsfromChina.