Britain cuts off funding to microchip factory after its sale to China’s Nexperia

In a report the Telegraph said, British ministers have cut off funding to Britain’s biggest microchip factory following its sale to a Chinese-owned technology company.

UK Research and Investment (UKRI) has suspended funding to Newport Wafer Fab following government instructions after it was sold to China’s Nexperia.

Earlier this month, when asked whether the sale of the semiconductor producer would go ahead to Chinese-owned Nexperia, British Prime Minister Boris Johnson said he did not want to drive Chinese investment away from Britain because of “anti-China spirit”.

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