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Electronics: Habeck wants to prohibit Chinese takeover of chip factory

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Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
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Economics Minister Habeck takes a critical view of the takeovers in the area of ​​semiconductor and chip production. The Greens politician has now submitted a proposal to the federal cabinet.

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Federal Economics Minister Robert Habeck (Greens) wants to prohibit the sale of a chip production facility by the Dortmund-based company Elmos to a Chinese investor.

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This was reported from circles of the Federal Ministry of Economics. The ministry proposed to the federal cabinet that the acquisition be prohibited. Habeck sees acquisitions in the field of semiconductor manufacturing and chip production critical.

The acquisition would pose a threat to public order and security in Germany, it said. “Milder means” than a ban are not suitable for eliminating the identified dangers. The talks were conducted constructively within the federal government.

A new development

The Dortmund-based company Elmos announced on Monday evening that the federal government would probably ban the sale of chip production in the cabinet meeting on Wednesday. This is a new development as the Ministry of Commerce has so far informed the parties involved that the transaction is likely to be approved.

At the end of last year, the company announced that it wanted to sell the production of so-called wafers in Dortmund to the Swedish competitor Silex for a total of around 85 million euros. Silex is a subsidiary of the Chinese Sai Group.

Against the resistance of several departments and at the urging of Chancellor Olaf Scholz (SPD), the cabinet recently decided that a Chinese company could take a 24.9 percent stake in a terminal in the Port of Hamburg. Critics of such deals fear that China could have too much influence on the infrastructure or important branches of industry in Germany.

Source: Stern

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