Chinese tech companies have been criticized by international security over the revelations that the Beijing government is in deep ties with China’s tech companies. Most countries have boycotted the tech companies from China, and even the blooming 5G business of Huawei has been hit due to the rising scrutiny against china’s internal and external policies.
However, recent news coming from mainland China has sent shock waves across the tech market. According to sources, a Chinese company is all set to buy Newport Wafer Fab, UK’s top microchip maker, in a deal worth 63 million pounds. The news has come as a huge surprise, and many in the tech industry and the security department have asked the UK ministers to intervene and pause the acquisition over national security concerns.
Nexperia – owned by China’s Wingtech – has reportedly agreed to buy Newport Wafer Fab located in South Wales and a firm responsible for making several key power components used in vehicles. Currently, the world is facing the biggest semiconductor shortage ever. A Chinese tech company’s…
