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UK orders full national security review for Chinese takeover of semiconductor maker Newport Wafer Fab | South China Morning Post

Source: scmp.com scmp.com
News Snapshot:

Britain’s business secretary has ordered a full national security assessment of the £63 million (US$79 million) acquisition of the country’s biggest semiconductor maker by Nexperia, a Dutch subsidiary of China’s Wingtech Technology last year. The inquiry comes after media reports in April that the British government would not intervene in the deal following a separate review by national security adviser Stephen Lovegrove. A government spokesman said at the time that “no decisions have been made”. “We welcome overseas investment, but it must not threaten Britain’s national security,” Business Secretary Kwasi Kwarteng said in a tweet on Wednesday. The British government…

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