Germany’s Economy Minister Robert Habeck wants to stop a Chinese investor taking over the Elmos microchip factory in Dortmund amid concern over the country’s reliance on Beijing, according to a report by Deutsche Welle, which said the country’s intelligence agency was also concerned despite the fact the German firm’s technology is not state of the art.
Habeck, a Greens Party politician, has said the manufacturing of semiconductors was particularly sensitive as German automakers were hit badly last year by the global shortage of chips. The $85-million takeover bid has come from Sweden-based Silex, which is a unit of China’s Rai MicroElectronics, the report said.
Read the full report: DW.
Multi-year satellite study finds 45% of big Chinese cities are subsiding over 3mm a year,…
US lawmakers are worried Chinese automakers will use Mexico as a back door to sell…
The Dutch security agency – MIVD – said China has zeroed in on the country’s…
The International Monetary Fund’s managing director said Beijing needed to address its property crisis to…
Fans lined up at Huawei stores in big Chinese cities on Thursday to buy the…
The carbon-negative "nano-generator" is the work of researchers at the Dow Centre for Sustainable Engineering…