Germany vetoes Chinese investment in two chipmakers over security concerns

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Economy minister says protection of semiconductor sector is important and Germany is not naive

Andreas Rinke and Miranda Murray

The government said it had vetoed the takeover of the chip factory of the Dortmund-based company Elmos by Silex, a Swedish company that is a subsidiary of Chinese group Sai Microelectronics. “We have to look at company takeovers closely, when it comes to important infrastructure or when there is a danger that technology flows to buyers from non-EU countries,” economy minister Robert Habeck said in a statement.

Scholz earlier had pushed through a decision to allow China to buy a minority stake in a terminal in Germany’s largest port despite opposition from within his coalition.

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