UK Government Orders Chinese Firm to Sell Acquired Welsh Semiconductor Plant
The UK government on Wednesday ordered a Chinese company to sell most of a Welsh semiconductor plant it had acquired, ruling the takeover breached national security laws.
The Department for Business, Energy and Industrial Strategy (BEIS) issued a notice of final order (pdf) telling Nexperia BV to sell at least 86 percent of Nexperia Newport Limited “within a specified period and by following a specified process.”
Nexperia Newport Limited, previously named Newport Wafer Fab (NWF), is the UK’s largest microchip company.
Nexperia, a Dutch-based semiconductor manufacturer wholly owned by China’s Wingtech Technology, confirmed on July 5, 2021 that it had obtained 100 percent ownership of NWF….