The UK government will delay a ruling on whether China-owned firm Nexperia will be allowed to buy Britain’s largest chip manufacturer Newport Wafer Fab by a month and a half, The Guardian reports.
The final verdict on the controversial £63 million buyout by Nexperia, a Dutch firm owned by China’s Wingtech, had been expected to be made by business secretary Kwasi Kwarteng on Tuesday, the report said. But national security concerns have now set the deal back.
Read the full report: The Guardian.
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