New national security legislation used to allow more time to scrutinise £63m deal for Newport Wafer Fab
The British government has delayed the decision on whether the UK’s largest producer of semiconductors can be bought by a Chinese-owned manufacturer by another month and a half.
The business secretary, Kwasi Kwarteng, had been expected to make a decision by Tuesday on the purchase of Newport Wafer Fab by Nexperia, a Dutch firm wholly owned by China’s Wingtech.
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Originally posted in the guardian.
