U.K. Finds No Grounds to Block Chinese Takeover of Chipmaker
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The U.K. government is not intervening in the takeover of Britain’s biggest semiconductor plant by a Chinese-owned company, according to a person familiar with the matter.
Britain’s national security adviser Stephen Lovegrove was asked by Prime Minister Boris Johnson to review the sale of Welsh-based Newport Wafer Fab to Nexperia NV last August to see if there were “real security implications.”