China ordered to sell stake in UK-based microchip factory as national security fears soar

The National Security Investment Act allows the Government to block investment in UK companies that might affect the security of the nation. And at the G-20 meeting in Bali, Mr Sunak warned that Beijing poses a systemic challenge to UK values and is the “biggest state-based threat to our economic security”. 

He told reporters: “My view is that China poses a systemic challenge to our values and interests and it represents the biggest state-based threat to our economic security. I think that view, by the way, is highly aligned with our allies.”

As well as the perceived economic security threat, there are also fears that China is capitalising on the UK’s technological know-how, which a number of politicians have raised the alarm over. Sir Iain Duncan Smith, the former leader of the Conservative Party, previously told Express.co.uk in an exclusive interview that China is pouring investment into UK universities to “steal their technology” and “subvert them”.

He told Express.co.uk: “We should stop the way they are pouring money into UK universities and their view of that is to get technology from these universities. And also knowing that many of the future establishments will be drawn from these institutions, they are trying to subvert them. This is all part of the game and everything they do revolves around that.”

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Article source: https://www.express.co.uk/news/science/1697755/china-national-security-nexperia-newport-wafer-fab-grant-shapps