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Why a German minister wants to block the sale of a chip factory | DW News

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German Economy Minister Robert Habeck wants to stop the sale of a chip production plant to a Chinese investor. The Green Party politician has expressed concern about giving China control over key infrastructure.

Sweden-based Silex, a unit of Chinese company Sai MicroElectronics, is seeking to take over the chip firm Elmos.
Silex is seeking to buy the Elmos site for some €85 million (just under $85 million). The move could see the German firm end production and simply sell Silex-made chips to its clients.
However, Germany's Federal Ministry for Economic Affairs and Climate Action, headed by Green Party politician Habeck, is against the sale. A source at the ministry told the AFP news agency that the acquisition would "constitute a threat to public order and... security."
"The ministry has therefore suggested that the federal cabinet prohibits the acquisition of Elmos," the source was cited as saying.

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#Germany #China #trade
Category
Europe
Tags
DW News, tech, trade
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