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Chinese takeover of UK's largest microchip producer faces national security review

Summary by Ground News
Business secretary Kwasi Kwarteng announced the move after Nexperia completed the purchase in July last year. The factory produces semiconductors - a key component in electronic products from top end smart phones to microwave ovens. Move follows a decision by Boris Johnson last year to ask national security adviser Sir Stephen Lovegrove to look at the deal.
1 month ago

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BBC News

Newport Wafer Fab: Chinese buyout of UK's biggest chip plant to be reviewed

The UK government says it will make a national security assessment of the sale of Newport Wafer Fab.

1 month ago·United Kingdom
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South China Morning Post

UK orders security review for Chinese takeover of chip maker Newport Wafer Fab

Assessment of US$79 million acquisition of Britain’s biggest semiconductor maker comes under new powers conferred by National Security and Investment Act and follows criticism of apparent government inaction.

1 month ago·Hong Kong
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Sky News

Chinese takeover of UK's largest microchip producer faces national security review

A review of the reported £63m deal had been demanded by MPs while a former National Cyber Security Centre chief had warned it posed a greater threat to British interests than Huawei's involvement in the 5G network.

1 month ago·United Kingdom
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大纪元 www.epochtimes.com

Investigations on China's acquisition of Britain's largest microchip factory launched in the UK

[Epoch 2022/05/26] (Epoch Times Reporter Xia Yu Comprehensive Report) Proposal to purchase Newport Wafer Fab (Newport Wafer Fab), the largest microchip manufacturing plant in the UK (Nexperia), wholly owned by Chinese-funded company Wingtech (Wingtech) (Kwasi Kwarteng, also translated as Guan Haoting) ordered the development of a national security investigation. Kwan Ho-ting said on Wednesday (May 25) that the transaction will be reviewed in acc…

1 month ago
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The UK orders a security review of chipmaker Newport Wafer Fab's sale to Nexperia, the Dutch subsidiary of China's Wingtech, after reportedly not intervening

Chad Bray / South China Morning Post: The UK orders a security review of chipmaker Newport Wafer Fab's sale to Nexperia, the Dutch subsidiary of China's Wingtech, after reportedly not intervening  —  Assessment of US$79 million acquisition of Britain's biggest semiconductor maker comes under new powers conferred by National Security …

1 month ago
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Business Secretary calls in Newport microchip manufacturer takeover by Chinese-owed company

The takeover of microchip manufacturer Newport Wafer Fab by a Chinese-owned company has been called in for a “full national security assessment”, the UK Government said. The move follows growing pressure from MPs amid concerns that one of the UK’s largest manufacturers of semiconductors has been acquired by a “strategic competitor”. Boris Johnson said in […]

1 month ago
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