Tue. Jan 25th, 2022

An employee adjusts British and China (R) nationwide flags on display screen for a finalizing ceremony at the seventh UK-China Economic and Financial Dialogue “Roundtable on Public-Private Partnerships” at Diaoyutai State Guesthouse in Beijing, China September 21, 2015. REUTERS/Andy WongJuly 20 (Reuters) – British ministers have cut off taxpayer-funded payments to Britains most significant microchip factory after its sale to a Chinese-owned innovation company, the Telegraph reported late on Tuesday.UK Research and Investment (UKRI) has actually suspended grants to Newport Wafer Fab under government directions after its sale to Nexperia, the paper reported.Earlier this month, when asked whether the sale of the semiconductor producer would proceed to Chinese-owned Nexperia, Prime Minister Boris Johnson stated he did not wish to drive Chinese financial investment away from Britain due to the fact that of “anti-China spirit”. learn more Reporting by Kanishka Singh in Bengaluru; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

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