Nexperia acquisition of Newport Wafer Fab calls into question UK’s tech strategy

China-owned semiconductor company Nexperia has acquired full ownership of the UK’s largest chip manufacturer and yet Huawei was banned from its 5G networks for being Chinese.
Nexperia is based in the Netherlands, having been spun out from NXP, which itself was once part of Phillips. However it was sold to Chinese state-owned investment firm Jianguang and Chinese private-equity firm Wise Road Capital (which seems to have been created for that purpose) in 2016 and is now owned by Chinese com