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The Guardian - UK
The Guardian - UK
Business
Joanna Partridge and Alex Lawson

Kwasi Kwarteng launches inquiry into proposed takeover of Newport Wafer Fab

Semiconductor United Kingdom United States Newport Wafer Fab Nexperia
Any deal for Newport Wafer Fab, which is located in south Wales, is particularly sensitive as the company has multiple contracts with the UK government.
Any deal for Newport Wafer Fab, which is located in south Wales, is particularly sensitive as the company has multiple contracts with the UK government. Photograph: Anadolu Agency/Getty Images

The business secretary, Kwasi Kwarteng, has launched an inquiry into the proposed takeover of the UK’s largest microchip manufacturer Newport Wafer Fab by Chinese-backed Nexperia.

Kwarteng said on Wednesday that the deal will be scrutinised under the new National Security and Investment Act, which was introduced at the start of the year.

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