fbpx

Type to search

UK Blocks Hong Kong Takeover of Chip Parts Firm – Guardian

The decision to stop the buyout is the UK’s latest move to protect its technological edge from Chinese ownership, The Guardian reported.


The UK has stopped a Hong Kong firm taking over Pulsic, a Bristol-based chip parts maker.
The UK has stopped a Hong Kong firm taking over Pulsic, a Bristol-based chip parts maker. Photo: Reuters.

 

The UK government has blocked a Hong Kong firm from acquiring a British semiconductor parts supplier due to national security concerns, according to a report by The Guardian.

The decision to stop Super Orange HK from buying out the Bristol-based Pulsic is Britain’s latest move to protect its technological edge from Chinese ownership, the report said.

Read the full report: The Guardian.

 

SEE MORE:

 

UK Business Shunning China as International Tensions Grow

UK Stops Vision Technology Sale to Chinese Company

UK Politicians Warn Against “Malign” China, Russia Tech Plans

 

 

 

Alfie Habershon

Alfie is a Reporter at Asia Financial. He previously lived in Mumbai reporting on India's economy and healthcare for data journalism initiative IndiaSpend, as well as having worked for London based Tortoise Media.