Communist China Seizes Control
of Britain’s Largest Microchip Factory
Breitbart,
by
Kurt Zindulka
Original Article
Posted By: mean Gene,
7/13/2021 9:11:23 AM
A state-backed Communist Chinese firm has conducted a hostile takeover of the UK’s largest microchip factory, raising concerns about Beijing’s growing control of the market during a global chip shortage.
On Monday, Dutch semiconductor manufacturer Nexperia, which is controlled by the China-owned electronics firm Wingtech, took 100 per cent control of the Newport Wafer Fab’s factory in South Wales after using a contractural clause to seize the company.
Reply 1 - Posted by:
ROLFNader 7/13/2021 9:26:51 AM (No. 844137)
That sure is a nice factory you have there, Zi Chen. Sure would be a shame if something happened to it......
13 people like this.
Send Neville Chamberlain... He'll have Britain surrendering in no time! That way we'll have, "Peace in our time".
14 people like this.
Reply 3 - Posted by:
sanspeur 7/13/2021 10:01:25 AM (No. 844173)
This is what Montenegro is experiencing.The xicoms loan money that can’t be repaid ..Then confiscate the project . It’s hysterically, evilly funny that the wuhan criminals use a country’s LAWS for this .. The most dirty xountry on earth using lawfare just like our dems
14 people like this.
Reply 4 - Posted by:
MDConservative 7/13/2021 10:08:33 AM (No. 844191)
What was that about capitalists selling the rope used for their hanging? Well, it's in the contract.
16 people like this.
Reply 5 - Posted by:
Bur Oak 7/13/2021 10:10:20 AM (No. 844194)
You would think that business people might be able to learn from the experience of Hong Kong.
15 people like this.
Reply 6 - Posted by:
smokincol 7/13/2021 10:12:55 AM (No. 844198)
will that mean that Boris Johnson has to get a haircut? the Brits are sure as hell a yuge disappointment to the rest of the world - side note: have they really dislodged themselves from the E.U.?
8 people like this.
Reply 7 - Posted by:
SkeezerMcGee 7/13/2021 10:18:31 AM (No. 844206)
It's bewildering how niave and ignorant Congress and many of our Presidents have been by believing that China's Communist government is a friend of the United States. These DC politicians have made us far too dependent on China regarding many necessary products such as drugs and electronics. It's depressing to imagine the harm China's government can inflict upon us. Joe Biden is a security threat to the U.S. because China's government knows all about Joe's and Hunter's corruption. As I remember the information required in my application for my top secret clearance, including the background check, I have no doubt that Joe Biden could not qualify.
11 people like this.
Reply 8 - Posted by:
red1066 7/13/2021 11:13:01 AM (No. 844278)
Nice move. China can start saying goodbye to foreign investment in their country, and those U.S. companies better start making plans of moving out as well. Otherwise, all that cheap labor won't make up for all that money they invested.
11 people like this.
Reply 9 - Posted by:
DVC 7/13/2021 11:43:04 AM (No. 844328)
China is the enemy. Seizing ALL Chinese properties located in other countries would be a good start.
15 people like this.
Reply 10 - Posted by:
davew 7/13/2021 12:44:57 PM (No. 844397)
This is how you boil a frog. One company at a time. When they take back Thailand and control TSCM they will corner the market on advanced microchips and the world will have to dance to their tune. The British government has been seduced by CCP money and will do nothing.
9 people like this.
Reply 11 - Posted by:
paral04 7/13/2021 2:50:38 PM (No. 844507)
It is just beginning. We owe trillions of dollars to the Chinese and they are about to collect. As the article says, our public lands are up for grabs and out terrible so called leaders have done this with their reckless spending on fruitless projects. We have allowed our manufacturing to go off-shore, mining and other so called anti-green activates which has made us sitting ducks. The liberals are either in bed with this or just plain stupid and need to be quarantined permanently. God help out youth because the democrats and some dumb Republicans have let this happen. It is time for us to put people in office who love our country.
3 people like this.
Reply 12 - Posted by:
cor-vet 7/13/2021 2:51:26 PM (No. 844508)
I remember when the ragheads nationalized the oil companies, and we did nothing. Maybe it's time to nationalize all foreign owned companies in the US. A real president could do it.
1 person likes this.
Reply 13 - Posted by:
DVC 7/13/2021 4:20:13 PM (No. 844602)
RE: the suggestion by several posters (including myself) on nationalizing ChiCom factories in the West.
Upon reflection, The Globalists will never let this happen because they have HUGE factories in China which would be seized in a NY minute. IMO, that would be very cool, and well deserved. But they have their hooks into TONS of politicians, so not going to happen.
0 people like this.
Reply 14 - Posted by:
Luandir 7/13/2021 6:40:28 PM (No. 844756)
When you sign a contract, you're expected to keep up the payments...
0 people like this.
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China had been pulling this in 3rd world countries and no one complained that much. Watch as it starts happening more in the West. Default on a Chinese loan and risk China taking your favorite subsidiaries. Or, if its a gov't that borrowed, China might start taking farmland, grazing land, federal land the gov't had always allowed Americans to lease and use. Additionally, China is moving to corner markets on vital goods just before trying to take over more in the South China Sea, including Taiwan.