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According to a document seen by @CNBC, chipmaker Newport Wafer Fab - recently sold to Chinese-owned Nexperia - has secured several UK government funding contracts amounting to around £55 million. The grant schemes include defence-related projects.https://www.cnbc.com/2021/07/20/newport-wafer-fab-has-over-a-dozen-contracts-with-british-government.html …
Last Thursday, China Research Group Chair @TomTugendhat detailed the risks associated with letting Newport Wafer Fab fall into the hands of a Chinese-owned company and called for an evaluation of the takeover to be brought before parliament for debate.pic.twitter.com/uKWt6vx3Db
UK Research and Investment (UKRI) has suspended grants to Newport Wafer Fab under Government instructions after its sale to Nexperia.https://www.telegraph.co.uk/technology/2021/07/20/chip-factory-sold-china-involved-taxpayer-funded-defence-project/ …
Former head of the UK’s National Cyber Security Centre @ciaranmartinoxf ranked the sale of NWF as a “level one” or top priority issue. “It goes to the heart of how we should be dealing with China.”https://www.telegraph.co.uk/politics/2021/07/24/sale-semiconductor-business-chinese-firm-presents-bigger-uk/amp/ …
Ron Black, former CEO of Imagination Technologies, said a consortium of six companies is ready to step in with a £300m plan for Newport Wafer Fab if the Government intervenes to block its acquisition by Shanghai-owned company Nexperia.https://www.telegraph.co.uk/technology/2021/08/10/300m-plan-take-back-control-britains-biggest-chip-factory-china/ …
The security review into the Chinese-backed takeover of Britain’s biggest microchip plant remains ongoing, and is believed to be unlikely to report before January, via @Telegraph.https://www.telegraph.co.uk/business/2021/11/01/chinese-bid-welsh-chip-factory-faces-new-hurdle/ …
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