The U.K. government has not informed Newport Wafer Fab that its sale to Nexperia is under investigation, according to two sources close to the company.
U.K. Prime Minister Boris Johnson told lawmakers on July 7 he had ordered the national security advisor to review Nexperia's acquisition of Newport Wafer Fab after some lawmakers said the takeover raised national security concerns.
Two sources familiar with the deal told CNBC that the government has not provided Newport Wafer Fab with any information about the review. "The company has received nothing from U.K. government," a source, who asked to remain anonymous due to the nature of the discussion, told CNBC. "No letter explaining a security review, nothing." NWF only learned about the security review from watching the news, the person said.The entrance to Newport Wafer Fab's manufacturing facility in Newport, Wales.
LONDON — The U.K. government has not informed Newport Wafer Fab, the U.K.'s biggest chip plant, that its sale to Chinese-owned Nexperia is under investigation, according to two sources close to the company.on July 7 he had ordered national security advisor Stephen Lovegrove to review the acquisition after some lawmakers said the takeover raised national security concerns given the geopolitical importance of the semiconductor industry. Lovegrove has 30 days to complete his review.
"The company has received nothing from U.K. government," a source, who asked to remain anonymous due to the nature of the discussion, told CNBC. "No letter explaining a security review, nothing." NWF only learned about the security review from watching the news, the person said.The U.K.
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