UKgov's decision on Newport Wafer Fab ownership delayed for third time
being declared the leader of the Conservative Party , which ushered in a change of many departmental heads, including former BEIS Secretary Kwasi Kwarteng. BEIS is now run by the haunted pencil that is Jacob Rees-Mogg. The funeral of Queen Elizabeth also interrupted the flow of normal government business, and the BEIS has also had its hands full with the energy crisis that has seen the unit price of energy double for consumers and businesses alike recently.
Back in July, Nexperia's UK country manager Toni Versluijs expressed his frustration with the security assessment to aVersluijs said the"investigation needs to be done swiftly", claiming that Nexperia's customers"are becoming impatient on the clarity". The belated assessment looking into Nexperia’s acquisition of Newport Wafer Fab has followed a renewed awareness of the importance of technology to the UK as an industrial nation, amid fears the country was allowing its most valuable technological assets to be sold into foreign ownership.
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