Kwasi Kwarteng initiates an investigation into the proposed acquisition of Newport Wafer Fab
Business Secretary Kwasi Kwarteng has opened an investigation into the proposed acquisition of the largest microchip maker in the UK, Newport Wafer Fab, by Nexperia, backed by China. Kwarteng said on Wednesday that the deal would be examined under the new National Security and Investment Act, which was introduced earlier this year. Any agreement for …