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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...
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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

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