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Chinese swooped for British microchip maker after Government rejected pleas for...

 2 years ago
source link: https://www.telegraph.co.uk/technology/2021/11/04/government-rejected-loan-pleas-welsh-microchip-maker-ahead-chinese/
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Chinese swooped for British microchip maker after Government rejected pleas for Covid loans

Newport Wafer Fab, at the centre of a national security row, was turned down by the Welsh administration and UK government

By James Titcomb

4 November 2021 • 11:33am

The British microchip company at the centre of a national security row over its Chinese-backed takeover was turned down for Government coronavirus support before being forced into a sale, it has emerged....


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