Foreign Affairs Committee Chair Sounds Alarm Over ‘Stealth’ Chinese Purchase of Cambridge Chip Startup

Conservative MP Alicia Kearns, chair of the Foreign Affairs Committee, speaks during a debate on the Procurement Bill in Parliament, Westminster, London, on Jan. 9, 2023. Screenshot via The Epoch Times

Foreign Affairs Committee Chair Alicia Kearns on Wednesday wrote to Business Secretary Grant Shapps, calling for a review into the Chinese takeover of a UK semiconductor company.

She said the investment into Cambridge University start-up Flusso wasn’t reviewed under the National Security and Investment Act because the name of the acquirer was not mentioned when the takeover was announced in August, and that the “opacity surrounding this takeover suggests that the buyers intended it to be carried out by stealth.”