21 Nov 2022 -
 General

UK blocks Nexperia semiconductors sale to Chinese firm

china

The British government has blocked a Chinese-owned company’s £63m takeover of Nexperia, a Wales-based microchip maker, calling it a national security risk, reports the Daily Mail.

Last week Business Secretary Grant Shapps issued an order “requiring Nexperia to sell at least 86% of Newport Wafer Fab to prevent against potential national security risks.”

Nexperia said it was “shocked” by the decision and will appeal.

Under national security legislation introduced in January to prevent ‘those who may do us harm from acquiring parts of the UK’s economy’, the deal was called in for a review. As the new legislation covers deals only on or after November 12, 2020, Nexperia will retain the 14 per cent it bought in 2019. 

Shapps said development of the Newport site by Nexperia could “undermine U.K. capabilities” in the sector.

Nexperia said it was “shocked” by the decision.

To avoid electronics supply-chain disruptions, you may also wish to consult an expert in electronics component supply. With more than three decades of supply-chain expertise, Astute Electronics is ideally placed to work with you on your daily component requirements.

For more help with looking at supply chain options, contact Astute Electronics

Related News

10 Jul 2024 - General

Counterfeit GPUs on the Rise: A Growing Concern for the Electronics Industry

Read more

09 Jul 2024 - General

DRAM Prices Skyrocket Amidst AI Boom and Production Shifts: A Deep Dive into the Memory Market

Read more

08 Jul 2024 - General

US Government Invests in Semiconductor Workforce to Combat Looming Talent Crisis, But Challenges Remain

Read more

07 Jul 2024 - General

Semiconductor Manufacturing Equipment Sales Expected to Explode

Read more

05 Jul 2024 - General

US attracting ‘insane’ money into building chip manufacturing

Read more

04 Jul 2024 - General

Vietnam: caught in the crossfire of US-China tech rivalry

Read more