The British government has delayed for another two months its final judgment on whether to allow the acquisition of Britain’s largest semiconductor plant by a Chinese company.
Kwasi Kwarteng, business secretary, was set to make a final decision by Tuesday night on the purchase of Newport Wafer Fab by Nexperia, a Dutch subsidiary of Chinese company Wingtech.
However, Kwarteng has sought a further 45 working days to analyse the controversial takeover amid a wider cooling of relations between London and Beijing.
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