Semiconductors

UK’s Largest Chip Plant Staff Want to Keep China Owners – BBC

 

The UK’s largest chipmaker Newport Wafer Fab have urged the British government to allow it to stay under Chinese ownership, the BBC has reported.

A dozen members of staff said they were in “disbelief” at UK ministers ordering China’s Nexperia to sell its 86% stake in the plant and travelled to Westminister to protest against the decision, the report said, but the government has refused to disclose reasons for its decision.

Read the full report: the BBC.

 

ALSO SEE:

 

UK Blocks Chinese Takeover of Microchip Factory in Wales

 

New US Export Rules Seek to Contain China’s Chip Sector

 

China’s Chip Industry Faces Deep Pain From US Curbs – FT

 

US Orders Nvidia to Stop Sale of Advanced Chips to China

 

 

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.

Recent Posts

China Services Activity Jumps in January as Covid Curbs End

China's dropping of travel curbs resurrected services activity in January for the first time in five…

44 mins ago

China to Build Antarctica Ground Stations for Ocean Satellites

The China Aerospace Science and Technology Group is to build the $6.53 million stations amid…

15 hours ago

China Battery Firm CATL Seen Eyeing $5bn Swiss Listing Boost

The global depositary receipts listing could even see CATL raise $8 billion if market conditions…

16 hours ago

Xpeng Secures Key Permit to Launch ‘Flying Car’ – TechCrunch

The 'special flight permit' from the Civil Aviation Administration of China will allow the Xpeng…

20 hours ago

Paris Club Seen Giving Sri Lanka Support for IMF Bailout

The Paris Club of creditor nations is ready to provide financing assurances for Sri Lanka,…

20 hours ago

China Needs Tech Self-Reliance to Avoid Being Strangled: Xi – SCMP

President Xi Jinping warned this week that China must speed up moves to become self-reliant…

20 hours ago