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2024-11-22
UK orders China firm to divest Scottish chip stake


THE British government has ordered China-registered Future Technology Devices International Holding to sell 80.2 per cent of Scotland-based chip company FTDI over national security risks, reports Reuters.






"The order has the effect of requiring FTIDHL to sell FTDI within a specified period and by following a specified process," the government said in a statement.



The government said it was concerned that the UK-developed semiconductor technology and associated intellectual property could be deployed in ways that were contrary to UK national security.