A unit of a large China-based semiconductor investment fund has agreed to acquire US semiconductor testing company Xcerra Corp for $580 million in cash, the companies said on Monday. The move comes after the Committee on Foreign Investment in the United States (CFIUS), a government panel that reviews acquisitions by foreign entities for potential national security risks, has cracked down on technology deals related to the semiconductor industry. According to Reuters, Chinese suitors have faced intense scrutiny from regulators in their pursuit of US chip makers, resulting in some failed deals in recent years. The buyer is Unic Capital Management, a subsidiary of Sino IC Capital that was founded last year. Sino IC Capital was established in August 2014 and has approximately RMB 138.7 billion ($20.9 billion) in funds under management to invest in the semiconductor space.