The German government on Wednesday blocked prospective Chinese investment in two domestic semiconductor producers after the moves raised concerns over national security and the flow of sensitive technological know-how to Beijing.
Berlin also blocked investment in ERS Electronic, which is based in the southern state of Bavaria, government sources told Reuters. A spokesperson for ERS Electronic said there was no plans to sell the company but it had been exploring the option of getting investment from a Chinese private equity firm.Sai Microelectronics said it "deeply regrets" the decision and will study the details to decide on any next steps.
"We have to look at company takeovers closely, when it comes to important infrastructure or when there is a danger that technology flows to buyers from non-EU countries," Economy Minister Robert Habeck said in a statement. Scholz earlier had pushed through a decision to allow China to buy a minority stake in a terminal in Germany's largest port despite opposition from within his coalition.
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