The U.K. said a Chinese-owned company must unwind its acquisition of a British computer-chip factory because the deal posed a risk to national security
LONDON—The U.K. government said a Chinese-owned company must unwind its acquisition of a British computer-chip factory more than a year after the takeover was completed because the deal posed a risk to national security.
In a decision published late Wednesday, the U.K. ordered Nexperia BV—a Dutch subsidiary of China’s Wingtech Technology Co. —to sell at least 86% of Newport Wafer Fab , a manufacturing facility in Wales.
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