Deals
Chinese Takeover of European Tech Assets Set for Greater Scrutiny
- EU lawmakers agreed to new measures to screen foreign deals
- European tech sector a top target for Chinese investments
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Chinese investors have renewed their billion-dollar shopping spree for high-tech assets in Europe, but new rules from the European Union promise greater scrutiny of such acquisitions.
The technology sector in particular has been an important target as China is intent on developing its own semiconductor production to lessen its dependence on foreign technology.