The purchase of the UK’s biggest microchip producer by a Chinese-controlled company has been cleared to go ahead by a review which found no reason for ministers to intervene on national security grounds.
The final decision on the £63m takeover of Newport Wafer Fab by Nexperia rests with business secretary Kwasi Kwarteng, who has not yet given his approval. Sources told The Independent he might still use his powers under the National Security and Investment Act to block the sale.
