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UK to investigate Chinese takeover of chip factory

Britain plans to investigate Nexperia’s acquisition of one of the country’s largest chip factories on concerns for national security, according to a report by Bloomberg. Nexperia, a subsidiary of China’s Wingtech Technology, had acquired the Wales-based Newport Wafer Fab semiconductor plant on Monday. According to the report, Newport mainly produces chips for the car industry as well as for use in 5G and facial recognition applications.

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