Federal government plans approval for China purchase of chip production

Olaf Scholz (left), Robert Habeck

While the Federal Chancellor has so far continued to show a more China-friendly policy, the Economics Minister is critical – but probably not complaining in the current Elmos case.

(Photo: AP)

Munich, Berlin, Frankfurt The federal government wants to allow the takeover of the chip production of the Dortmund company Elmos by the competitor Silex. The Handelsblatt learned this from government circles. The Swedish buyer is a wholly owned subsidiary of the Chinese group Sai Microelectronics. The sale of the factory is currently being examined by the Federal Ministry of Economics, and approval should be given within the next few weeks.

The federal government is thus defying the advice of the Federal Office for the Protection of the Constitution. According to Handelsblatt information, he advised against approving the deal and pointed out the risk of increasing dependency on China in the semiconductor market.

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