Xcerra Calls Off $580 Million Deal Amid Scrutiny

Xcerra Corp. has agreed to terminate its sale to a Chinese group, citing difficulty in securing federal approval for the $580 million deal.

Norwood, Mass.-based Xcerra, which provides testing technology for semiconductors and electronics, said that “despite our best efforts to secure approval, it has become evident that” the Committee on Foreign Investment in the U.S. wouldn’t clear the transaction.

CFIUS,...