UK Delays Verdict On Chip Firm Sale to China

The UK government will delay a ruling on whether China-owned firm Nexperia will be allowed to buy Britain’s largest chip manufacturer Newport Wafer Fab by a month and a half, The Guardian reports.

The final verdict on the controversial £63 million buyout by Nexperia, a Dutch firm owned by China’s Wingtech, had been expected to be made by business secretary Kwasi Kwarteng on Tuesday, the report said. But national security concerns have now set the deal back.

Read the full report: The Guardian.

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Alfie Habershon

Alfie is a Reporter at Asia Financial. He previously lived in Mumbai reporting on India's economy and healthcare for data journalism initiative IndiaSpend, as well as having worked for London based Tortoise Media.