UK Government to Probe Chinese Takeover of UK’s Largest Microchip Factory

UK Government to Probe Chinese Takeover of UK’s Largest Microchip Factory
Secretary of State for Business, Energy, and Industrial Strategy Kwasi Kwarteng speaking at the the Northern Ireland Business and Innovation Showcase at the QEII Centre in Westminster, London, on Sept. 15, 2021. Victoria Jones/PA
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The acquisition of Britain’s biggest microchip factory by a Chinese-owned technology company is to face a full national security assessment.

After weeks of pressure from politicians and concerns issued from Washington, the UK’s Business Secretary Kwasi Kwarteng confirmed the government would examine whether the takeover of Newport Wafer Fab by Nexperia, a subsidiary of the Chinese smartphone manufacturer Wingtech Technology, would pose a threat to national security.