Newport Wafer Fab: China

(asked on 8th December 2021) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask Her Majesty's Government, further to the reply of Lord Callanan on 6 December (HL Deb, col 1635), whether the purchase of Newport Wafer Fab has been referred to the Competition and Merger Authority; and if so, what was the outcome.


Answered by
Lord Callanan Portrait
Lord Callanan
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
This question was answered on 20th December 2021

My Rt. Hon Friend the Secretary of State has powers under the Enterprise Act 2002 to intervene in mergers and takeovers on specified public interest grounds, including national security. Such an intervention would involve an investigation by the Competition and Markets Authority.

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