Security fears are intensifying over the controversial takeover of Britain’s largest semiconductor plant by a state-backed Chinese company. Senior MPs in the ruling Conservative Party have called on the British government to deploy the new National Security and Investment Act and scrap the £63 million ($77 million) sale of Newport Wafer Lab to Wingtech Technology through its European business, Nexperia.
“Chinese interests are trying to take control of the UK’s largest chip maker. So far, the government has done nothing serious to stop it,” warned Tory MP Tom Tugendhat, chairman of the Commons Foreign Affairs Committee, on May 15 in an op-ed for the Mail on Sunday.
…