Decision on sale of UK’s biggest chip maker to Chinese-owned firm delayed
by Joanna Partridge from Technology | The Guardian on (#6143G)
New national security legislation used to allow more time to scrutinise 63m deal for Newport Wafer Fab
The British government has delayed the decision on whether the UK's largest producer of semiconductors can be bought by a Chinese-owned manufacturer by another month and a half.
The business secretary, Kwasi Kwarteng, had been expected to make a decision by Tuesday on the purchase of Newport Wafer Fab by Nexperia, a Dutch firm wholly owned by China's Wingtech.
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