..
Nexperia is China-owned. https://t.co/bQlpqS9Z8Y
— simonthong aka kitty poo (@KittyPo80176717) November 17, 2022
— simonthong aka kitty poo (@KittyPo80176717) November 17, 2022
..
NEW
— Ed Conway (@EdConwaySky) November 16, 2022
@beisgovuk orders Chinese-owned Nexperia to sell 86% of Newport Wafer Fab, effectively reversing its takeover of the UK semiconductor plant.
Big news. Announcement: https://t.co/L1RD04PxMc pic.twitter.com/A7qmHFWBk7
Nexperia statement:
— Ed Conway (@EdConwaySky) November 16, 2022
"We are genuinely shocked. The decision is wrong, and we will appeal to overturn this divestment order to protect the over 500 jobs at Newport. This decision sends a clear signal that the UK is closed for business. UK is not Levelling Up but Levelling Down" pic.twitter.com/hVfUY2CjuP
Upshot is it took a LONG time for govt to comprehend the significance of this site and even longer for them to do anything about it.
— Ed Conway (@EdConwaySky) November 16, 2022
Months… During which Nexperia and its Chinese owners have had the run of the place and the ability to transfer any tech they wanted back to China
— Ed Conway (@EdConwaySky) November 16, 2022
..
..
weehingthong 