The German government intends to approve a China-based company’s acquisition of a chip production factory belonging to the Dortmund-based semiconductor company Elmos, despite the German intelligence agency warning against the move, according to German business daily Handelsblatt.
Swedish company Silex Microsystems AB, which is a subsidiary of China’s Sai Microelectronics Group, is planning to acquire Elmos. The acquisition is currently under review by Germany’s Ministry of Economic Affairs, and a final decision is expected in the next few weeks, Handelsblatt reported on Oct. 27, citing federal sources.
