Sovereignty ‘must not be up for sale,’ warn MPs as Welsh electronics plant bought by Chinese firm Kim Sengupta Tom Tugendhat heads the China Research Group of Tory MPs - Parliament Live British sovereignty “must not be for sale,” MPs have warned as the UK’s largest electronic chip plant is bought by a Chinese company with links to the Beijing government. The government must do much more to protect Britain’s strategic industrial assets, according to the Commons Foreign Affairs Committee. It highlighted the takeover of Newport Wafer Fab (NWF) by Nexperia during a global chip shortage, a sale which means that the asset has passed into the hands of a company heavily backed by the Chinese Communist Party.