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UK Govt Allows Sale of Largest Microchip Factory to Communist Chinese-Owned Firm: Report

By KURT ZINDULKA

The British government has reportedly approved the sale of the United Kingdom’s largest microchip factory to a firm owned by the Chinese Communist Party (CCP), despite concerns over national security.

Newport Wafer Fab (NWF) in Wales, which was forced last year to sell its factory to after failing to pay its debts, will apparently be allowed by the government to be sold to the Chinese-owned firm Nexperia.

According to a report from POLITICO, a review from the government’s national security adviser, Stephen Lovegrove, found that the sale of the semiconductor producer to China did not rise to the level of presenting a national security risk. Under the National Security and Investment Act, should the sale have been determined to present such a risk, the government could have prevented the sale…

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