UK’s largest semiconductor factory acquired by a Chinese-owned company

A Chinese-owned company said on Monday that it had acquired Britain’s largest manufacturer of silicones and semiconductors. The transaction issued a warning from the MP.

Nexperia, a Dutch-based semiconductor maker wholly owned by China’s Wingtech Technology, announced on Monday Take 100% ownership Rename the Welsh semiconductor factory Newport Wafer Fab (NWF) to “Nexperia Newport”.

Tom Tugendart, a member of the British Parliament and chairman of Parliament’s Foreign Affairs Selection Committee, has previously warned the government of the deal.

In the letter (pdfLast month, Villa Tugendhat told the Secretary of State for Business, Energy and Industrial Strategy (BEIS) Kwasi Quarten that a colleague on the Foreign Affairs Commission had expressed “serious concern” about the possibility of an acquisition.

“We must reiterate that the succession of the UK’s leading 200mm silicon and semiconductor technology development and processing facilities to Chinese entities represents significant economic and national security concerns. “No,” Tugent Hat wrote in a letter.

“As the world is experiencing a shortage of semiconductor production and companies and countries are competing for the limited supply that exists, it is important for the UK to protect strategically valuable manufacturing resources,” he said. Added.

Villa Tugendhat urged the Minister to reconsider NWF’s previous advice that “the completion of Nexperia’s acquisition of the company does not trigger a call under the National Security Investment Act.”

Citing Wise Road Capital’s acquisition of South Korean semiconductor manufacturer MagnaChip and Shenzhen Investment Holdings’ acquisition of Italian semiconductor company LPE, Tugendhat said the British allies “treat self-sufficiency in the semiconductor supply chain as a national security obligation. “.

Epoch Times contributor and international security expert Anders Corr also called for “the deal will be canceled immediately to give Beijing an important foothold in UK high-tech manufacturing and design.” ..

CNBC On Friday, he quoted an unnamed source and reported on an imminent deal at that time.

A spokesperson for the British government thought it was not appropriate to intervene at the time, but continued to “watch the situation carefully” and “do not hesitate to use that authority under corporate law if the situation changes. “I told the outlet. .. “

The National Security Investment Act, which came into force at the end of April, aims to address national security risks arising from the acquisition of control over certain types of entities and assets.

The Epoch Times is asking BEIS for comment.

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