Anshi Semiconductor is wholly owned by China Shanghai Wen Tai Technology Co., Ltd., and nearly 30% of the shares of Wen Tai Technology are held by people with official background in China. This company is a supplier of Huawei and other smart phone companies in China (special topic).
Mike Burns, chairman of iDEAL, said that in general, factories usually give "a little running time" and tell customers how many chips they can process when the acquisition takes place. This kind of notice "is usually measured by month, quarter or year, rather than suddenly ending". IDEAL executives said that Newport Chip Manufacturing Company only informed them by phone that their relationship had ended.
Anshi Semiconductor's acquisition of Newport Chip Manufacturing Company coincides with the decline of US-China relations, and Washington has increased its sanctions against Beijing in the chip (semiconductor) industry, which is particularly eye-catching.
The sale of Newport Chip Manufacturing Company was originally approved by British Business Secretary Kwasi Kvoten. However, Prime Minister Boris Johnson then ordered Stephen Lovegrove, the national security adviser, to conduct a review on the grounds of national security, and did not rule out the possibility of canceling the transaction. The British government is expected to make a ruling in the next few weeks.
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