Tagnational security

Decision on takeover of Newport Wafer Fab on national security grounds delayed

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The UK Government had delayed a decision on whether to block the takeover of the UK’s biggest microchip maker by a Chinese-owned company on national security grounds. Business Secretary Kwasi Kwarteng, having announced a review of the acquisition of Newport Wafer Fab (NWF) last month under the National Security and Investment Act, has extended the process by further 45 working after the initial...

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