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Germany May Block Chinese Takeover of Chip Factory – DW

Germany’s Economy Minister wants to stop a Chinese investor taking over the Elmos microchip factory in Dortmund amid concern over the country’s reliance on Beijing


China has filed a complaint against the US to the World Trade Organisation in response to semiconductor export controls on Beijing
Semiconductor chips are seen on a computer circuit board. Photo: Reuters

 

Germany’s Economy Minister Robert Habeck wants to stop a Chinese investor taking over the Elmos microchip factory in Dortmund amid concern over the country’s reliance on Beijing, according to a report by Deutsche Welle, which said the country’s intelligence agency was also concerned despite the fact the German firm’s technology is not state of the art.

Habeck, a Greens Party politician, has said the manufacturing of semiconductors was particularly sensitive as German automakers were hit badly last year by the global shortage of chips. The  $85-million takeover bid has come from Sweden-based Silex, which is a unit of China’s Rai MicroElectronics, the report said.

Read the full report: DW.

 

 

ALSO SEE:

China’s Rich Eye Life Abroad as Their Assets Shrink – SCMP

TSMC Plans Advanced $12bn Chip Plant in Arizona – WSJ

 

 

Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years.