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UK firms may buy Welsh computer chip maker if Chinese takeover fails Technology sector

August 13, 2021
Source: theguardian.com theguardian.com
News Snapshot:
Three more British companies have said they are willing to join a group to buy the Welsh semiconductor manufacturer Newport Wafer Fab if the UK government blocks a takeover by a Chinese-owned company on national security grounds. The technology executive Ron Black said the new companies had come forward after he revealed the existence of a six-member consortium willing to act as a “white knight” if Nexperia’s purchase of the south Wales company fell through. Nexperia is based in the Netherlands but is owned by a Chinese company, Wingtech. That has raised the concerns of British politicians, who fear that...
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