and allegations that the probe ordered by Johnson had amounted to nothing. A full assessment under the National Security and Investment Act was then instigated, with the result that Shapps has now ordered Nexperia to sell at least 86 percent of the Newport facility.
"The far-reaching remedies which Nexperia offered to fully address the Government's concerns have been entirely ignored," the statement adds. "The UK Government chose not to enter into a meaningful dialogue with Nexperia or even visit the Newport site," the document continues."More than 500 employees in Newport also raised their own significant concerns about such a divestment – the Government has chosen not to listen to them and instead taken this decision which puts the livelihoods of them and their families, as well as more than £100m of taxpayers' money, completely unnecessarily at risk.
"Nexperia will now challenge the order and will do everything possible to keep the factory and protect its employees in South Wales." The statement asserts that Nexperia"proposed far-reaching remedies to BEIS's Investment Security Unit that fully address even these potential concerns." Among those remedies was a pledge"not to conduct the compound semiconductor activities of potential concern and to provide the UK Government with direct control and participation in the management of Newport."