shockedcanadian
Diamond Member
- Aug 6, 2012
- 32,101
- 29,481
- 2,905
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.
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?
Chinese-owned firm acquires UK’s largest semiconductor manufacturer
Tory MP Tom Tugendhat raises concerns about deal in light of global computer chip shortage
www.theguardian.com
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.