UK Prime Minister Boris Johnson has promised a national security investigation into a China-backed corporation’s takeover of Britain's largest produ

Prime Minister says national security advisor will probe Chinese acquisition of UK's top chip maker

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2021-07-08 08:30:08

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, was revealed on July 2.

At the start of this week, Business Secretary Kwasi Kwarteng said the UK government did “not consider it appropriate to intervene at the current time” but was monitoring the acquisition.

Now someone has woken up the PM to inform him of the situation. Speaking to MPs at Parliament’s Liaison Committee today, Johnson said: “I've asked the national security adviser to review the ideas ... We will look at it again.” Johnson said the Welsh devolved government had asked the UK administration to deal with the matter.

The Prime Minister brought up the controversial decision last year to rip Huawei equipment out of the national telecoms infrastructure, seemingly at the behest of America. Johnson added that he did not “want anti-China spirit to lead to us trying to pitchfork away, subvert every investment from China into this country.”

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