Video: Habeck against Elmos sale to Chinese investors

STORY: Federal Minister of Economics Robert Habeck is against the sale of the wafer production required for chip production by the Dortmund chip manufacturer Elmos to Chinese investors. The acquisition would endanger public order and security in Germany, according to circles in the economic department on Tuesday. Habeck said in Stuttgart that Germany will continue to maintain and develop relations with China as a trading partner and as a political partner. However, one should not be naïve. “And to look at areas of the critical sectors – and semiconductors and chips are part of it for me – with particular sensitivity. And that means that we should reasonably assume that we will not be able to overcome these techniques with Chinese investments, that Chinese investments there will have higher hurdles have. And that includes Elmos for me.” Elmos himself had already stated on Monday evening that a no was expected. The company develops, produces and sells semiconductors, primarily for use in cars. Most recently, the German government’s permission for the Chinese state shipping company Cosco to enter an operating company at a terminal in the port of Hamburg sparked discussions.

More

source site-1