Chinese investors have positioned themselves as major players among UK startups with two consecutive takeovers in the past week.
In a controversial acquisition, Chinese company Nixperia, took over UK's Newport Wafer Fab (NWF) chip making company as it seeks to make chips to meet pressing demand.
Nexperia is a Dutch chip firm owned by China’s Wingtech. But the deal has come under fire as the UK itself is facing a shortage of chips. This is two days after Tencent, another Chinese company, purchased, Sumo gaming developer company for $1.2 billion.
Tencent is one of the biggest companies in the world. It is best known for the Weixin/WeChat social media app, which is used across for chat and mobile payments, as well as gaming.
China has been gradually investing in UK start ...