Germany blocks sale of chip factory to Chinese subsidiary

The German government on Wednesday blocked the sale of a chip factory to a Swedish subsidiary of a Chinese company, AP news reported. The mooted deal has raised concerns about the possibility of turning Germany’s IT production capacity into Chinese hands. The move follows a recent compromise over a Chinese shipping company’s investment in a German container terminal and a visit to Beijing last week by Chancellor Olaf Scholz.

Read and decide

Join EUobserver today

Become an expert on Europe

Instantly access all articles and 20 years of archives. 14 day free trial.

… or register as a group


Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.
Back to top button