Total 9 Posts
Last week, five Republican Senators sent a letter to U.S. Department of Treasury Secretary Janet Yellen urging the Department to conduct a Committee on Foreign Investment in the United States (CFIUS) review of Chinese-funded Alphawave IP Group’s intent to acquire U.S.-based semiconductor IP developer OpenFive, "a
Republican Members of Congress Seek Biden Administration Pressure on UK To Prevent Chinese Purchase of Semiconductor Facility
As we discussed here, the UK government is conducting a national security review of the acquisition of the Newport Wafer Fab, a semiconductor factory in Wales, by the Chinese-owned technology company Nexperia. Several Republican members of Congress are now urging the Biden administration to press the UK government to stop
UK Parliament Discusses Acquisition of Welsh Semiconductor Factory by Chinese Company, Security Review Underway
In the UK House of Lords last week, a question was raised regarding the acquisition of the Newport Wafer Fab, a semiconductor factory in Wales, by the Chinese-owned technology company Nexperia. In response, the UK government has made clear that a national security review of the transaction is underway.
According to a recent notice issued by five Chinese agencies, as of March 25, companies that want to benefit from the preferential tax policy for the integrated circuit and software sectors in 2022 will have to submit their application within three weeks from that date. The notice lays out the
Congressional Republicans Urge Commerce Department to Strengthen Entity List Rules for China’s Semiconductor Manufacturing International Corporation
Last week, U.S. Senator Marco Rubio (R-FL) and U.S. Representative Michael McCaul (R-TX) sent a letter to Commerce Department Secretary Raimondo in which they urged the Department "to strengthen Entity List rules for China’s Semiconductor Manufacturing International Corporation (SMIC)" and expressed concern that "Beijing may divert technology
Republican Senators Tom Cotton of Arkansas and Bill Hagerty of Tennessee sent a letter yesterday to Commerce Secretary Gina Raimondo, applauding reports that Commerce may strengthen export controls in relation to Chinese semiconductor company SMIC, while pressing Raimondo on issues related to the implementation of possible changes.
In mid-September, we wrote about a CFIUS review of a proposed purchase of a South Korean semiconductor company by a Chinese equity fund. The purchase has now been cancelled, as it could not obtain approval from CFIUS. In March of this year, the South Korean company Magnachip announced its sale