Published 1 year ago

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.

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BBC News

Chinese ownership of Newport microchip plant a 'security risk'

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

1 year ago·United Kingdom

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The Independent

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.

1 year ago·London, United Kingdom

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Reuters

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

1 year ago·United Kingdom

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Daily Express

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.

1 year ago·United Kingdom

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CNN

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.

1 year ago·Atlanta, United States

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KIFI

UK orders Chinese-owned company to sell Britain's biggest chipmaker

By Michelle Toh, CNN BusinessThe UK government has ordered a Chinese-owned company to unwind its takeover of Britain’s biggest chipmaker, citing national security concerns.Nexperia, a Dutch subsidiary of Shanghai-listed semiconductor maker Wingtech, was told to sell “at least 86%” of its stake in Newport Wafer Fab by UK Secretary of State for Business, Energy and Industrial Strategy Grant Shapps, more than a year after taking control of the fact…

1 year ago·Idaho Falls, United States

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