Tuesday, November 8, 2022

Why a German minister wants to block the sale of a chip factory


German Economy Minister Robert Habeck wants to stop the sale of a chip production plant to a Chinese investor. The Green Party politician has expressed concern about giving China control over key infrastructure. Sweden-based Silex, a unit of Chinese company Sai MicroElectronics, is seeking to take over the chip firm Elmos. Silex is seeking to buy the Elmos site for some €85 million (just under $85 million). The move could see the German firm end production and simply sell Silex-made chips to its clients.

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