Newport Wafer Fab acquisition called-in for national security assessment
Published By GOV.UK [English], Wed, May 25, 2022 9:29 AM
The acquisition by Nexperia of Newport Wafer Fab has been called-in for a full national security assessment by Business Secretary Kwasi Kwarteng today (Wednesday 25 May).
The government has powers under the National Security and Investment Act 2021 to scrutinise and – if necessary – intervene in qualifying acquisitions on national security grounds.
The government has 30 working days (extendable by up to a further 45 working days) to carry out that assessment. That process is underway.
Press release distributed by Media Pigeon on behalf of GOV.UK, on May 25, 2022. For more information subscribe and follow