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

The 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 factory.

It cited “two previous security reviews” that it said had already cleared the acquisition. “Nexperia does not accept the potential national security concerns raised,” it said. “The far-reaching remedies which Nexperia offered to fully address the government’s concerns have been entirely ignored.” The company added that it had offered “not to conduct” the “activities of potential concern, and to provide the UK government with direct control and participation in the management of Newport.

I believe they don’t want the sale to go through because China would just use the technology etc to spy on people in the UK. That’s why it happened in the US, can’t remember which company.

Hossein was transferred to the prison, his condition is very serious, so that the doctors said that he will not survive for another 5-6 days and he should be transferred to the hospital. Please be Hossein's voice. They intend to kill Hossein. mahsaamini hosseinronaghi

UK is dreaming to setup British Raj Part 2.

Very smart. Don't make any deals with the devil. It could end up being used as a weapon, like Putin tried with his gas!🤬

This will just force China to develop it's domestic fabrication capabilites - these isolationist moves will only temporarily slow down China and will backfire on the West.

Someday will come to the UK which pays the price. I believe that the Chinese people and China's government forever remember it.

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