The Digital Source For China's Tech Innovation Since 2000

Search
Close

A new £300 million masterplan aims to stop a Chinese-owned company from acquiring the UK’s largest semiconductor manufacturing.

August 14, 2021
Source: brinkwire.com brinkwire.com
News Snapshot:
A new £300 million masterplan aims to stop a Chinese-owned company from acquiring the UK’s largest semiconductor manufacturing. A MOVEMENT is beginning to prevent the UK’s largest semiconductor manufacturer from being taken over by a Chinese company, citing national security concerns. The sale of Newport Wafer Fab’s south Wales business to Nexperia, a Dutch-founded but Chinese-owned technology company, provoked outrage among certain Tory MPs. Every week, the factory produces around 8,000 wafers, which are microchip boards used in computing. Companies domiciled in China are compelled by Chinese law to help the central government if requested. Boris Johnson ordered a national...
Go To Original Source →
Tags: acquisition | America | bid | blind | Business | CEO | China | Chinese | Computing | Dutch | factory | foundry | government | Imagination | IT | law | manufacturer | manufacturing | Microchip | national security | Netherlands | semiconductor | technology | United States | USA

Other Related News:

As China-Taiwan tensions intensify, what's Australia's message to Beijing?

August 12, 2022

Headlines From China: China’s Bona Film Group Returning to Stock Market, Finalizing IPO in Shenzhen

August 12, 2022

Gravitas: China unveils game plan for Taiwan reunification

August 12, 2022

TikTok Owner Buys China Hospital Chain

August 12, 2022

Chinese chipmaker SMIC reports Q2 revenue rose 41.6% YoY to $1.9B vs. $1.89B est., but net profit fell 25% YoY to… News

August 12, 2022

Subsidy discounts reach 100 million yuan 2022 Beijing Consumer Season – Quality Life Drinks Festival starts online_Event_Citizen_Special Area

August 12, 2022

300 Current TIKTOK, BYTEDANCE Employees Worked For Chinese State Media…

August 12, 2022

Alyssa Lynch: Yet another Pelosi Crime Family story — Nancy Pelosi’s son is a Top Investor in a Chinese telecoms company

August 12, 2022

Hennessy and Associates Announce Launch of New China Multi-Asset Income Distribution Fund I

August 12, 2022
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
Menu
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2022 ChinaTechNews.com. A Service of Asia Media Network.
Twitter
Posting....