China's acquisition of Britain's largest chip manufacturer, Johnson: national security advisor has been asked to review
[World Wide Web] the acquisition of NWF, the largest chipmaker in the UK, by Chinese company anser semiconductor has attracted continuous attention in the UK. British Prime Minister Johnson said the national security adviser would review the acquisition, but he also said he didn't want to shut out all Chinese investment because of "Anti China sentiment", according to the news from the Peng Bo news agency on the 8th.
On the evening of July 5, China Wentai technology announced that the company's wholly-owned subsidiary, anser semiconductor, intends to acquire NWF, a Welsh wafer manufacturer in the UK. The deal was welcomed by the Welsh local government, but sparked speculation by some British politicians. Turgenhart, a member of the Conservative Party in the UK, who was included in the Chinese sanctions list, said that "the takeover of the leading semiconductor wafer technology development and processing institution in the UK by Chinese entities means major economic and national security issues.".
British Prime Minister Johnson was asked about the deal when he was questioned in the house of Commons on the 7th. "We are investigating and I have asked the national security adviser to review," Johnson said at the time, according to Bloomberg
"We have to judge whether what they (NWF) make really has intellectual property value and interests for China, and whether it really affects security." Johnson said.
According to the daily mail of the UK, Johnson also told Tugenhart on the same day that "I don't want Anti China sentiment to lead us to drive away every investment from China in this country" and "that's economic recklessness".
In addition to supplying automotive plants, NWF has been focusing on more advanced compound semiconductors, which are at the heart of technologies such as 5g and face recognition, according to the company. Although NWF is one of the largest chipmakers in the UK, it is still very small compared with factories in the US and Asia, with annual revenue of only 49.4 million pounds.
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