British government blocks takeover of Welsh semiconductor producer

BEIS has national security' concerns over China-owned Nexperia which took control of Newport Wafer Fab

The British government has blocked the takeover of the UK's largest producer of semiconductors by a Chinese-owned manufacturer, citing a risk to national security".

The business department's decision on Wednesday comes more than a year after semiconductor company Nexperia first announced that it had taken control of Newport Wafer Fab in south Wales in July 2021, in a 63m deal.