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Staff at UK Chip Firm Prefer Dutch/Chinese Owners – Times

The British government is due to make a final decision on the 63-million-pound takeover by Nexperia, a Dutch firm owned by China’s Wingnut Technology, by October 3


The microchip sector has been rocked by major geopolitical moves, after global shortages during the pandemic and the recent move by the Biden Administration to limit exports of advanced chips to China.
The microchip sector has been rocked by major geopolitical moves, after global shortages during the pandemic and the recent move by the Biden Administration to limit exports of advanced chips to China. US allies have been deeply suspicious about Chinese moves in this industry. This image shows a chip plant in Malaysia. File photo: Lim Huey Teng, Reuters.

 

Staff at the Newport Wafer Fab, a semiconductor firm in Wales whose takeover last year by a Chinese-backed company is being reviewed by the British government on national security grounds, have sent a “strongly worded letter” to The Times in London about the company’s future, with the 582 workers saying they “fully support Nexperia and its [Chinese] ownership of our site” because it had provided stability, improved job security, wages and working conditions, a report by The Times said.

Newport’s previous owner is among groups that have expressed interest in buying the business, but employees said in their letter “we have absolutely no desire to work under a consortium under the stewardship of Drew Nelson, the previous owner”, alleging that the company was “a mismanaged, undercapitalized startup, struggling to compete even in a buoyant market”, the report said, adding that the government is expected to make a final decision on the 63-million-pound takeover by Nexperia, a Dutch firm owned by China’s Wingnut Technology, by October 3.

See the full report: The Times.

 

ALSO SEE:

US to Ban Export of Chips, Chipmaking Tools to China

 

US Orders Nvidia to Stop Sale of Advanced Chips to China

 

Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.

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