Berlin is reportedly concerned about national security and possible economic dependency Germany is on a mission to protect its domestic chip industry from buyouts by Chinese firms, according to media reports. The country’s Economy Ministry formally blocked a Swedish subsidiary of China’s Sai Microelectronics, from buying Dortmund-based chipmaker Elmos for €85 million, Politico reported on Wednesday. “We have prohibited a non-Union investor from entering into business ventures in Germany,” the outlet quoted economy minister Robert Habeck as saying. “The reason for this is that the security of order in Germany must
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