Nexperia sad it 'does not accept the national security concerns raised' by Business Secretary Grant Shapps
, one of the UK’s largest manufacturers of semiconductors.
A Government spokesperson said on Wednesday: “Following a detailed national security assessment, the Business Secretary has decided to issue a Final Order requiring Nexperia to sell at least 86 per cent of Newport Wafer Fab to prevent against potential national security risks.” He said the location of the site “could facilitate access to technological expertise and know-how” across the industrial area and could hinder involvement in “future projects relevant to national security”.A spokesperson said: “Nexperia does not accept the national security concerns raised. Nexperia will now challenge the order and will do everything possible to keep the factory and protect its employees in South Wales.
The China Research Group of Conservative MPs said: “Our long-term security relies on the resilience of our economy and that means ensuring we don’t allow strategic assets to fall into the hands of authoritarian powers for the sake of short-term advancement.
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