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Chinese-owned firm acquires UK’s largest semiconductor manufacturer

shockedcanadian

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Canada and the U.K, "Americas allies".

Until these nations care about civil liberties of their citizens and national security of their and Americas citizens, it's time for the U.S to turn to Australia, Japan, Taiwan, India and others who will.

This is the worst time to allow such a purchase. Does Mi6 have any pull in this? Or are they still all focused on the old, Russian threat?


The UK’s largest producer of semiconductors has been acquired by the Chinese-owned manufacturer Nexperia, prompting a senior Tory MP to call for the government to review the sale to a foreign owner during an increasingly severe global shortage of computer chips.

Nexperia, a Dutch firm owned by China’s Wingtech, said on Monday that it had taken full control of Newport Wafer Fab (NWF), the UK’s largest producer of silicon chips, which are vital in products from TVs and mobile phones to cars and games consoles.

Tom Tugendhat, the Conservative MP for Tonbridge and Malling and the chair of the foreign affairs select committee, told CNBC on Monday that he would be very surprised if the deal was not being reviewed under the National Security and Investment Act, new legislation brought in to protect key national assets from foreign takeover.

“The semiconductor industry sector falls under the scope of the legislation, the very purpose of which is to protect the nation’s technology companies from foreign takeovers when there is a material risk to economic and national security,” he said.
 

toobfreak

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Canada and the U.K, "Americas allies".

Until these nations care about civil liberties of their citizens and national security of their and Americas citizens, it's time for the U.S to turn to Australia, Japan, Taiwan, India and others who will.

This is the worst time to allow such a purchase. Does Mi6 have any pull in this? Or are they still all focused on the old, Russian threat?


The UK’s largest producer of semiconductors has been acquired by the Chinese-owned manufacturer Nexperia, prompting a senior Tory MP to call for the government to review the sale to a foreign owner during an increasingly severe global shortage of computer chips.

Nexperia, a Dutch firm owned by China’s Wingtech, said on Monday that it had taken full control of Newport Wafer Fab (NWF), the UK’s largest producer of silicon chips, which are vital in products from TVs and mobile phones to cars and games consoles.

Tom Tugendhat, the Conservative MP for Tonbridge and Malling and the chair of the foreign affairs select committee, told CNBC on Monday that he would be very surprised if the deal was not being reviewed under the National Security and Investment Act, new legislation brought in to protect key national assets from foreign takeover.

“The semiconductor industry sector falls under the scope of the legislation, the very purpose of which is to protect the nation’s technology companies from foreign takeovers when there is a material risk to economic and national security,” he said.

The western nations ought to be ashamed of themselves that after being gamed to death by the chinese for decades, they are STILL letting the Chinese buy the floor right out from under them!
 
OP
shockedcanadian

shockedcanadian

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Canada and the U.K, "Americas allies".

Until these nations care about civil liberties of their citizens and national security of their and Americas citizens, it's time for the U.S to turn to Australia, Japan, Taiwan, India and others who will.

This is the worst time to allow such a purchase. Does Mi6 have any pull in this? Or are they still all focused on the old, Russian threat?


The UK’s largest producer of semiconductors has been acquired by the Chinese-owned manufacturer Nexperia, prompting a senior Tory MP to call for the government to review the sale to a foreign owner during an increasingly severe global shortage of computer chips.

Nexperia, a Dutch firm owned by China’s Wingtech, said on Monday that it had taken full control of Newport Wafer Fab (NWF), the UK’s largest producer of silicon chips, which are vital in products from TVs and mobile phones to cars and games consoles.

Tom Tugendhat, the Conservative MP for Tonbridge and Malling and the chair of the foreign affairs select committee, told CNBC on Monday that he would be very surprised if the deal was not being reviewed under the National Security and Investment Act, new legislation brought in to protect key national assets from foreign takeover.

“The semiconductor industry sector falls under the scope of the legislation, the very purpose of which is to protect the nation’s technology companies from foreign takeovers when there is a material risk to economic and national security,” he said.

The western nations ought to be ashamed of themselves that after being gamed to death by the chinese for decades, they are STILL letting the Chinese buy the floor right out from under them!

They can't be this stupid. England is like Canada now, desperate for economic activity as their centralized system is a major failure in the globally competitive economy.
 

Montrovant

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The reported cost to gain control of the company has me wondering how in debt it is, if it would fail without a buyout, and if it actually produces any significant amount of semiconductors.
 

Billy_Kinetta

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It's amazIng that it only took Europe 75 years to forget.
 

toobfreak

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Canada and the U.K, "Americas allies".

Until these nations care about civil liberties of their citizens and national security of their and Americas citizens, it's time for the U.S to turn to Australia, Japan, Taiwan, India and others who will.

This is the worst time to allow such a purchase. Does Mi6 have any pull in this? Or are they still all focused on the old, Russian threat?


The UK’s largest producer of semiconductors has been acquired by the Chinese-owned manufacturer Nexperia, prompting a senior Tory MP to call for the government to review the sale to a foreign owner during an increasingly severe global shortage of computer chips.

Nexperia, a Dutch firm owned by China’s Wingtech, said on Monday that it had taken full control of Newport Wafer Fab (NWF), the UK’s largest producer of silicon chips, which are vital in products from TVs and mobile phones to cars and games consoles.

Tom Tugendhat, the Conservative MP for Tonbridge and Malling and the chair of the foreign affairs select committee, told CNBC on Monday that he would be very surprised if the deal was not being reviewed under the National Security and Investment Act, new legislation brought in to protect key national assets from foreign takeover.

“The semiconductor industry sector falls under the scope of the legislation, the very purpose of which is to protect the nation’s technology companies from foreign takeovers when there is a material risk to economic and national security,” he said.

The western nations ought to be ashamed of themselves that after being gamed to death by the chinese for decades, they are STILL letting the Chinese buy the floor right out from under them!

They can't be this stupid. England is like Canada now, desperate for economic activity as their centralized system is a major failure in the globally competitive economy.

I've come to the conclusion that it is one part personal greed, selling out their own citizens for short term gain, or the chinese literally have something on them, over them, are holding their debt, etc.
 

Baron

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Canada and the U.K, "Americas allies".

Until these nations care about civil liberties of their citizens and national security of their and Americas citizens, it's time for the U.S to turn to Australia, Japan, Taiwan, India and others who will.

This is the worst time to allow such a purchase. Does Mi6 have any pull in this? Or are they still all focused on the old, Russian threat?


The UK’s largest producer of semiconductors has been acquired by the Chinese-owned manufacturer Nexperia, prompting a senior Tory MP to call for the government to review the sale to a foreign owner during an increasingly severe global shortage of computer chips.

Nexperia, a Dutch firm owned by China’s Wingtech, said on Monday that it had taken full control of Newport Wafer Fab (NWF), the UK’s largest producer of silicon chips, which are vital in products from TVs and mobile phones to cars and games consoles.

Tom Tugendhat, the Conservative MP for Tonbridge and Malling and the chair of the foreign affairs select committee, told CNBC on Monday that he would be very surprised if the deal was not being reviewed under the National Security and Investment Act, new legislation brought in to protect key national assets from foreign takeover.

“The semiconductor industry sector falls under the scope of the legislation, the very purpose of which is to protect the nation’s technology companies from foreign takeovers when there is a material risk to economic and national security,” he said.

Did you expect something else?
The fake Covid-1984 Scamdemuic and crazy lockdowns murdered many companies in the West, Chinese are on the shopping tour now.
They love dumb western 'leaders' and panic presstitutes and are gonna purchase all remained important companies soon.
Some bribes to corrupted insane traitorous satanic trash called western 'politicians', new lockdowns and the world belong to chinks.

306ef3b9991f5fff0788b7f0c4b96991.jpg
 

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