Notice the roof structure....gives a big open space to lay out the equipment.....and needs tuning after a heavy snowfall....../snicker
Posted on 07/06/2021 7:25:55 PM PDT by SeekAndFind
A Chinese-owned company said on Monday that it had acquired the UK’s largest manufacturer of silicone and semiconductor. The deal has triggered warnings from MPs.
Nexperia, a Dutch-based semiconductor manufacturer wholly owned by China’s Wingtech Technology, confirmed on Monday that it had obtained 100 percent ownership of Welsh semiconductor plant Newport Wafer Fab (NWF), and will rename it “Nexperia Newport.”
British MP and chair of the Parliament’s Foreign Affairs Select Committee Tom Tugendhat has previously warned the government about the deal.
In a letter (pdf) to Secretary of State for Business, Energy, and Industrial Strategy (BEIS) Kwasi Kwarteng last month, Tugendhat said his colleagues on the Foreign Affairs Committee had raised “serious concern” over the potential acquisition.
“I must stress again that having the UK’s leading 200mm silicon and semiconductor technology development and processing facility being taken over by a Chinese entity—in my view—represents a significant economic and national security concern,” Tugendhat wrote in the letter.
“With the world experiencing a shortage in semiconductor production and companies and countries competing over the limited supply that exists, it is crucial that the UK protects its strategically valuable manufacturing resources,” he added.
Tugendhat urged the Minister to reconsider his previous advice to NWF that “the completion of the company’s takeover by Nexperia would not trigger a call-in under the National Security and Investment Act.”
Citing Wise Road Capital’s acquisition of South Korean semiconductor manufacturing company MagnaChip and Shenzhen Investment Holdings’ attempt to take over Italian semiconductor company LPE, Tugendhat argued that UK’s allies are “treating self-sufficiency in semiconductor supply chains as a national security imperative.”
The Epoch Times contributor, international security expert Anders Corr has also called for the deal to be “canceled immediately, as it gives Beijing an important toehold in British high-technology manufacturing and design.”
(Excerpt) Read more at theepochtimes.com ...
This won’t end well.
That is a mistake
They make advanced stuff.....Spokeshave who has worked there.
Notice the roof structure....gives a big open space to lay out the equipment.....and needs tuning after a heavy snowfall....../snicker
Well, that seems pretty stupid letting the Chinese buy a semiconductor factory. Don’t those people over there know about thinking?
They make mostly discrete transistors.
They make a LOT of them but not even close to high tech.
They probably figured it was cheaper to sell the fab than the cost required to upgrade.
A very common problem with older fabs.
Do what the Brits did in the 40s…nationalize the factory
bkmk
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