Chinese owner ordered to reduce stake in Newport Wafer Fab semiconductor factory 'putting the livelihoods of [workers] and their families, as well as more than £100m of taxpayers' money, completely unnecessarily at risk'
Chinese owner ordered to reduce stake in Newport Wafer Fab semiconductor factory"putting the livelihoods of [workers] and their families, as well as more than £100m of taxpayers' money, completely unnecessarily at risk"Why you can trust Sky News
The government has said Nexperia must reduce its stake in Newport Wafer Fab by 86%, back to its previous holding of just 14% when it took over the firm in 2021, in an effort to"mitigate the risk to national security". "The far-reaching remedies which Nexperia offered to fully address the government's concerns have been entirely ignored," the company said in a statement.
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