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Germany blocks Chinese stake in two chipmakers over security concerns

November 10, 2022
Source: rappler.com rappler.com
News Snapshot:
ELMOS. Outside view of the Elmos headquarters, a manufacturer of semiconductor products in Dortmund, October 28, 2022. Germany's economy ministry has recommended to the cabinet that the government block the Chinese takeover of Elmos' chip factory, saying it would pose a threat to national security. Germany's economy minister says, 'Germany is and will remain an open investment location, but we are not naive either' BERLIN, Germany – The German government on Wednesday blocked prospective Chinese investment in two domestic semiconductor producers after the moves raised concerns over national security and the flow of sensitive technological know-how to Beijing. The government...
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