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372 Government criticised over delays in Newport Wafer Fab takeover approval

UK Tech News
Oscar Hornstein @ UK Tech News 3 place · 01/29/2024 07:46 EDT

Government criticised over delays in Newport Wafer Fab takeover approval

The government has been criticised by Labour opposition over its delay in approving the acquisition of Welsh semiconductor company Newport Wafer Fab. A deal from US chipmaker Vishay to acquire the Newport-based firm for £144m was agreed by the two companies late last year. It came after the government blocked the previous agreement from Chinese-owned ...

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