Tech Flat Amid Valuation Concerns -- Tech Roundup

Features Dow Jones Newswires

Shares of tech companies were flat as traders hedged their bets on the outlook for the richly valued sector.

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The Committee on Foreign Investment in the U.S., which reviews foreign deals for national security concerns, has indicated it will recommend blocking or suspending a $1.3 billion plan by Chinese-government backed Canyon Bridge Capital Partners to take over Portland, Ore.-based Lattice Semiconductor, The Wall Street Journal reported.

Amazon.com will invest more heavily in its Alexa voice-activated home assistant to maintain its edge as competition heats up.

Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

September 01, 2017 17:08 ET (21:08 GMT)