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    You are at:Home»Politics»UK orders China-registered firm to sell stake in Scottish chip company
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    UK orders China-registered firm to sell stake in Scottish chip company

    Papa LincBy Papa LincNovember 6, 2024No Comments1 Min Read0 Views
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    UK orders China-registered firm to sell stake in Scottish chip company

    The British government on Wednesday ordered China-registered Future Technology Devices International Holding Ltd to sell 80.2% of Scotland-based chip company FTDI over national security risks.

    “The order has the effect of requiring FTIDHL to sell 80.2% of FTDI within a specified period and by following a specified process,” the government said in a statement.

    The government said it was concerned that the UK-developed semiconductor technology and associated intellectual property could be deployed in ways that were contrary to UK national security.

    Source: https://www.reuters.com/



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