Prime Minister says national security advisor will probe Chinese acquisition of UK's top chip maker UK Prime Minister Boris Johnson has promised a national security investigation into a China-backed corporation’s takeover of Britain's largest producer of semiconductors. The sale of Newport Wafer Fab (NWF), which employs 450 people at its south Wales site in Tredegar Park, to Nexperia, a Dutch firm owned by China’s Wingtech, …
You mean the ones developed in Nijmegen, Hong Kong and Penang? Which this article is basically about, i.e. Nexperia.
You seem to forget that Maggie started off the sale of our assets and the created the me,me,me philosophy, and the same selfish Tory voters are now bleating. Pure goldy.
Seriously? There is no way we should be selling anything like this to the Chinese government (yes, it IS the Chinese government as it controls ALL Chinese companies). The West needs to be much more selective of what it allows China to buy. Want to buy a Chinese company? Bad luck, it will never be allowed.
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Bless. Not at all. I think for myself which is why I get downvoted by the people I described. What us amazing is the number of people that downvote facts. One has the same problem with Flat Earth cultists and YEC. If there is a troll it is you. It is currently trendy to throw hissy fits about the PRC and I suspect it is because we helped it to develop economically and technically in the belief that Chinese are backward, stupid peasants we could control. just as we did in the 1800s. But the chickens are now coning home to roost and the arrogant xenophobes are running scared.
Who's "we" and why not? If you're a shareholder in the company, express your disagreement with the sale. As for it going to a Dutch company, from 2 minutes search online;
Newport Wafer-Fab Ltd. (NWL) was founded in 2001 as a subsidiary of Hong Kong based QPL International Holdings so it was Chinese from the beginning.
No-one is saying it was. I suggest you learn English and also context.
Ask a grown up to explain to you what "Dr Drew Nelson, Newport Wafer Fab's outgoing chairman, said Chinese investment was a "key part" of the industry in south Wales. Production at the Tredegar Park area began in the 1980s." Then come back and apologise.
When you say the Chinese government controls all Chinese companies, you presumably don't mean they run things day to day. They set the legal framework work under which the companies work and give them guidance and occasionally fines or imprisonment if they break the rules they lay out.
well, yes, that's their job. It's the "govern" in government.
Indeed, but a certain typeof El Reg reader doesn't seem to understand simple things like that. they love bashing people about being IT illiterate wetc. but fail to realise they are seriously inexperienced in many, many things themselves. The problem seems to have increased with the move to encouraging Septics.
Beijing does have quite a lot of shareholdings in many companies, minor and major, but then so did the UK until Maggie sold the family jewels to her mates.
France and Germany still have very profitable holdings in many, many companies and it is interesting to look at foreign state holdings in UK outfits and infrastructure. Goldy as Baldrick said.
So our Glorious Leader and his Trusted Clowns are so awake and knowledgeable that they didn't know about the fab in Manchester. These idiots really are a disgrace, but ut seems the majority of the electorate trust them for reasons that baffle me.
As for national security, IP etc., the Tory Loons obviously don't realise the company's R&D HQ is in Nijmegen, which was not in the UK last time I visited, neither are the R&D sub-units in Hong Kong and Penang.
But then the Gammons and "Spoons clientele love him / them.
You can't run a processor on its own. You will need supporting electronics, which often requires simple semiconductors like diodes, transistors, gates.
Every semiconductor company is strategically important. Even those running supposedly old processes.
Even the 200nm process and older are out of reach for most companies and starting such fab from scratch is a gargantuan task.
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No problem. In the event of a war, global pandemic or Brexit, we'll just buy the stuff from abroad ... like we do with kit for the Army that comes from China ... may take a while if we've got to negotiate a trade agreement with an enemy state first.
"Hello, Is that the Oojameflipistan trade envoy? I need some sniper rifles."
"But we are about to declare war on you ..."
"Ah, about that ...We're a bit hort of weapons at present. If we can put off going to war for a couple of weeks, you supply us with the weapons and then you can make some money and we can all have a fair fight ...? I'm tole if the rifles work out, we will have a contract for a few cruise missiles and a container-load of Army underpants to fulfil ..."
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