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U.K. Government Blocks Chinese Takeover of Chip Manufacturer

The U.K. has ordered a Chinese-owned company to undo its takeover of a British chip manufacturer due to national security concerns. The U.K. government has ordered Nexperia, a Dutch subsidiary of a Chinese firm called Wingtech Technology, to sell at least 86% of its stake in Newport Wafer Fab, the U.K.‘s largest chip manufacturer. In July 2021, Nexperia, which was already a minority...

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