News story
Newport Wafer Fab acquisition called-in for national security assessment
皇冠体育app acquisition of Newport Wafer Fab has been called-in for a full national security assessment.
皇冠体育app acquisition by Nexperia of Newport Wafer Fab has been called-in for a full national security assessment by Business Secretary Kwasi Kwarteng today (Wednesday 25 May).
皇冠体育app government has powers under the National Security and Investment Act 2021 to scrutinise and 鈥� if necessary 鈥� intervene in qualifying acquisitions on national security grounds.
皇冠体育app government has 30 working days (extendable by up to a further 45 working days) to carry out that assessment. That process is underway.
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Published 25 May 2022