British ministers cut off funding to chip factory after sale to China — reports | Inquirer Technology
Close  

British ministers cut off funding to chip factory after sale to China — reports

/ 06:36 AM July 21, 2021
A worker adjusts British and China national flags on display for a signing ceremony at the seventh UK-China Economic and Financial Dialogue "Roundtable on Public-Private Partnerships" in Beijing

FILE PHOTO: A worker adjusts British and China (R) national flags on display for a signing ceremony at the seventh UK-China Economic and Financial Dialogue “Roundtable on Public-Private Partnerships” at Diaoyutai State Guesthouse in Beijing, China September 21, 2015. REUTERS/Andy Wong

British ministers have cut off taxpayer-funded payments to Britain’s biggest microchip factory after its sale to a Chinese-owned technology company, the Telegraph reported late on Tuesday.

UK Research and Investment (UKRI) has suspended grants to Newport Wafer Fab under government instructions after its sale to Nexperia, the newspaper reported.

ADVERTISEMENT

Earlier this month, when asked whether the sale of the semiconductor producer would go ahead to Chinese-owned Nexperia, Prime Minister Boris Johnson said he did not want to drive Chinese investment away from Britain because of “anti-China spirit”.

FEATURED STORIES
TOPICS: China, Newport Wafer Fab, Nexperia, UK Research and Investment (UKRI), United Kingdom
Read Next
Don't miss out on the latest news and information.

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

For feedback, complaints, or inquiries, contact us.

Subscribe to our technology news

By providing an email address. I agree to the Terms of Use and
acknowledge that I have read the Privacy Policy.



© Copyright 1997-2021 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.