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UK Government to Probe Chinese Takeover of UK’s Largest Microchip Factory

Summary by Ground News
Business Secretary Kwasi Kwarteng is set to make a full security assessment into the takeover of Newport Wafer Fab by Chinese-owned company Nexperia. The sale was blocked by the UK government over potential risks to national security. Prime Minister Boris Johnson pledged a security investigation into the sale, but a report in April from frustrated MPs showed it had yet to begin.

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UK Government to Probe Chinese Takeover of UK’s Largest Microchip Factory

The acquisition of Britain’s biggest microchip factory by a Chinese-owned technology company is to face a full national ...

·New York, United States
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UKTN (UK Tech News)UKTN (UK Tech News)

Newport Wafer Fab: Government launches probe into Chinese takeover

Business Secretary Kwasi Kwarteng is set to make a security assessment into the takeover of Newport Wafer Fab by Chinese company Nexperia.

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UKTN (UK Tech News) broke the news in on Thursday, May 26, 2022.
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