Germany blocks sale of fab to Chinese firm, Taiwan's investments challenged in Lithuania
China is at the center of two conflicts in Europe as the continent strives to shore up domestic chip manufacturing capabilities.it was informed by the government that the planned $85 million sale of its wafer fab to Chinese-owned Silex Microsystems"will most likely be prohibited." Silex Microsystems is a Dutch subsidiary of China's Sai Microelectronics.
Germany has been making moves to protect Western semiconductor technology and supply chains from Chinese interests, according to. Robert Habeck, Germany's economic minister, reportedly said while the country should build relations with China on a broader level, Germany needs to exercise"particular sensitivity" when it comes to transactions in"critical sectors" like the semiconductor industry.
Germany's decision, which is expected to be made official at a Wednesday cabinet meeting, comes on the heels of the return of the country's chancellor, Olaf Scholz, after his first visit to Beijing. Before leaving, Scholz said Germany needs to lower its reliance on China in areas that are"risky" and"one-sided" by scrutinizing investments and broadening the country's supply chain.
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