The UK government has opted to block the sale of Newport Wafer Fab to Chinese-owned Nexperia on national security grounds after months of wrangling that has left the biggest British chipmaker in limbo.
Nexperia, which is owned by China’s Wingtech Technology, will have to divest 86 per cent of the company, leaving it with the 14 per cent stake it held before launching a takeover in 2021, according to