LONDON (Reuters) – The British government on Wednesday ordered China-registered Future Technology Devices International Holding Ltd to sell 80.2% of Scotland-based chip company FTDI over national security risks. “The order has the effect of requiring FTIDHL to sell 80.2% of FTDI within a specified period and by following a specified process,” the government said in […]
Science
UK orders China-registered firm to sell stake in Scottish chip company
Audio By Carbonatix
LONDON (Reuters) – The British government on Wednesday ordered China-registered Future Technology Devices International Holding Ltd to sell 80.2% of Scotland-based chip company FTDI over national security risks.
“The order has the effect of requiring FTIDHL to sell 80.2% of 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.
(Reporting by Muvija M; Editing by Paul Sandle)