Germany reviewing possible Chinese takeover of chip factory
The German government is reviewing a possible sale of a local chip factory to a Chinese-owned firm, sources said Thursday, despite the reported concerns of intelligence agencies.
Government officials speaking on condition of anonymity told AFP that they were assessing the potential impact of a takeover of Dortmund-based Elmos by Sweden's Silex, a unit of Chinese company Sai MicroElectronics.
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The overture by the Chinese firm comes ahead of Chancellor Olaf Scholz's visit to China next week as the first European Union leader to make the trip since November 2019.
And it coincides with growing fears within his coalition government and among intelligence officials about the risks of critical infrastructure and intellectual property falling into foreign hands.
https://www.msn.com/en-us/money/other/germany-reviewing-possible-chinese-takeover-of-chip-factory/ar-AA13rz9E
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