Published 2 years ago • loading... • Updated 2 years 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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The Straits Times

Lean Right

UK blocks Chinese-led buyout of biggest microchip factory over national security concerns

It is the second Chinese takeover blocked by UK’s new National Security and Investment Act. Read more at straitstimes.com.

2 years ago·Singapore

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Gwinnett Daily Post

Center

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.

2 years ago·Georgia, United States

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KIFI

Center

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…

2 years ago·Idaho Falls, United States

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CNN

Lean Left

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.

2 years ago·Atlanta, United States

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The Times

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Chinese-owned firm ordered to sell UK arm

The government has ordered a Chinese-backed company that owns the UK’s largest semiconductor manufacturer to sell most of its stake in the business on national

2 years ago·London, United Kingdom

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Handelsblatt

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Newport Wafer Fab: Great Britain wants to ban Chinese Nexperia chip factory purchase retroactively

Nexperia purchased the Newport Wafer Fab back in 2021. The British government wants to take decisive action when “a risk to national security” is identified.

2 years ago·Düsseldorf, Germany

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