Chinese takeover of the UK's biggest chip plant blocked on national security grounds

Summary by Ground News
The British government on Wednesday published an order requiring Chinese-owned technology company Nexperia to sell at least 86 per cent of microchip factory Nexperia Newport Limited (NNL) following a national security assessment.
18 days ago·London, United Kingdom

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Chinese ownership of Newport microchip plant a 'security risk'

The UK government says Nexperia's takeover of Newport Wafer Fab creates national security risks.

19 days ago·United Kingdom
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UK orders China's Nexperia to sell at least 86% of microchip factory

LONDON - The British government on Wednesday published an order requiring Chinese-owned technology company Nexperia to sell at least 86% of microchip factory Nexperia Newport Limited (NNL) following a national security assessment. The review of Nexperia's 2021 purchase of NNL, formerly known as Newport Wafer Fab, was announced earlier this year. (Reporting by Kylie MacLellan; editing

19 days ago·United Kingdom
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Shapps blocks sale of microchip firm to Chinese company over national security fears

Grant Shapps has blocked the sale of a UK microchip manufacturer to a Chinese-owned company, citing a potential risk to national security.

19 days ago·London, United Kingdom
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Shapps takes urgent action over 'national security risk' from China

The Business Minister ordered Chinese-owned technology company Nexperia to sell at least 86 percent of its shares in Britain's biggest microchip factory, Newport Wafer Fab, following a national security assessment.

19 days ago·United Kingdom
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UK orders Chinese-owned company to sell Britain's biggest chipmaker

The UK government has ordered a Chinese-owned company to unwind its takeover of Britain's biggest chipmaker, citing national security concerns.

19 days ago·Atlanta, United States
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Chinese takeover of the UK's biggest chip plant blocked on national security grounds

Newport Wafer Fab runs Britain's largest chipmaking facility, producing some 32,000 silicon wafers each month.

19 days ago·United States
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