There will be no Week in Review next Friday, November 25. The Week in Review will return on Friday, December 2.
UK blocks takeover of semiconductor manufacturer
The United Kingdom announced it was blocking the takeover of semiconductor manufacturer Nexperia Newport by Chinese firm Wingtech Technology, even though the sale concluded in May 2022. Regulators said they were concerned about the potential for sensitive technology to leak to the Chinese government. Nexperia condemned the move, saying that it would likely be forced to shut down its Welsh factory after the decision. Nexperia is a small manufacturer by most industry standards, and it reported only $43 million in revenue in 2021. European regulators have taken a hard line on the Chinese acquisition of semiconductor manufactures in recent weeks, as German regulators blocked the sale of Elmos Semiconductors to a Chinese-owned firm last week, also on national security grounds.
Australia plans an offensive attack against cyberhackers following recent ransomware attacks
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Cybersecurity
Technology and Innovation
European Union
Australian Minister for Cyber…
