U.K. Orders Chinese-Owned Company to Unwind Chip-Factory Deal

LONDON—The U.K. government said a Chinese-owned company must unwind its acquisition of a British computer-chip factory more than a year after the takeover was completed because the deal posed a risk to national security.

In a decision published late Wednesday, the U.K. ordered Nexperia BV—a Dutch subsidiary of China’s Wingtech Technology Co. —to sell at least 86% of Newport Wafer Fab , a manufacturing facility in Wales.

E mais sobre pais3s sem pena de morte serem esmagados pela realidade .

How did this deal even get the green light to begin with?

UK Showing door to China.

It appears that the new British PM is courageous enough to fight the Chinese Communists. He also plans on closing all 30 Confucius Institutes in Great Britain.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UK orders Chinese-owned company to sell Britain's biggest chipmaker | CNN BusinessThe UK government has ordered a Chinese-owned company to unwind its takeover of Britain's biggest chipmaker, citing national security concerns. Someday will come to the UK which pays the price. I believe that the Chinese people and China's government forever remember it. 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. 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!🤬
Source: cnni - 🏆 326. / 59 Read more »