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U.K. Orders Chinese-Owned Company to Unwind Chip-Factory Deal

November 17, 2022


The U.K. government said a Chinese-owned company must unwind its acquisition of a British computer-chip factory more than a year after the takeover was completed because the deal posed a risk to national security.

In a decision published late Wednesday, the U.K. ordered Nexperia BV—a Dutch subsidiary of China’s Wingtech Technology Co. sell at least 86% of Newport Wafer Fab, a manufacturing facility in Wales.

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