Controversy As Chinese Splash The Cash Taking Control Of Two British Firms

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 ...

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