US congressmen have called for the Chinese takeover of one of Wales’ tech firms, Newport Wafer Fab, to be overturned on security grounds.
According to the Times nine congressman, including lead Republican on the House foreign affairs committee, Michael McCaul, have written to President Joe Biden raising concerns over the UK Government's failure to date to intervene.
The UK’s biggest microchip plant, based in Newport, was acquired by Amsterdam based Nexperia last year in a £63m deal in a move safeguarding 500 jobs. Nexperia is owned by Chinese firm and Shanghai listed technology company Wingtech.
