Germany blocks Chinese chip takeovers – media

Nov 9th 2022 9:32am EST

Berlin is reportedly concerned about national security and possible economic dependency Germany is on a mission to protect its domestic chip industry from buyouts by Chinese firms, according to media reports. The country’s Economy Ministry formally blocked a Swedish subsidiary of China’s Sai Microelectronics, from buying Dortmund-based chipmaker Elmos for €85 million, Politico reported on […]

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