Germany Prohibits Chinese Takeover of 2 Semiconductor Chipmakers, Citing Security ConcernsGermany’s government on Wednesday blocked the sale of two of its semiconductor factories to Chinese-owned companies, citing security concerns.
“We have prohibited a non-Union investor from entering into business ventures in Germany,” the country’s economy minister Robert Habeck told reporters in front of the German chancellor's office on Wednesday.
He added that the decision came because the “security of order in Germany must be protected and critical production areas require special protection.”
Elmos Semiconductor, which makes chips for the automotive industry, was barred from selling its factory in Dortmund to Silex, a Swedish subsidiary of China's Sai Microelectronics....
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