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.1 month ago
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