British government blocks takeover of Welsh semiconductor producer

BEIS has ‘national security’ concerns over China-owned Nexperia which took control of Newport Wafer Fab

The British government has blocked the takeover of the UK’s largest producer of semiconductors by a Chinese-owned manufacturer, citing “a risk to national security”.

The business department’s decision on Wednesday comes more than a year after semiconductor company Nexperia first announced that it had taken control of Newport Wafer Fab in south Wales in July 2021, in a £63m deal.

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​BEIS has ‘national security’ concerns over China-owned Nexperia which took control of Newport Wafer FabThe British government has blocked the takeover of the UK’s largest producer of semiconductors by a Chinese-owned manufacturer, citing “a risk to national security”.The business department’s decision on Wednesday comes more than a year after semiconductor company Nexperia first announced that it had taken control of Newport Wafer Fab in south Wales in July 2021, in a £63m deal. Continue reading…