British MPs Led By Former Conservative Party Leader Iain Smith Urge Government To Block Acquisition Of Country s Largest Chip Plant By Chinese Company
by Swarajya Staff - Jul 19, 2021 04:10 AM
Iain Duncan Smith
Snapshot
Iain Duncan Smith, a member of parliament and the former leader of the Conservative Party has said that the United Kingdom government should have moved to block the purchase of Newport Wafer Fab, the country s largest computer chip plant by Nexperia, a Chinese-owned company.
Duncan Smith urged the government to use the newly-enactedNational Security and Investment Bill to block the Newport Wafer Fab acquisition.
Prime Minister Boris Johnson said the deal will be subject to a review by national security adviser.
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