China's Sai MicroElectronics regrets German regulator's decision to block Elmos Semiconductor deal
( November 10, 2022, 09:44 GMT | Official Statement) -- MLex Summary: Chinese semiconductor company Sai MicroElectronics deeply regrets the decision by Germany's Federal Ministry of Economy and Climate Action to prohibit its planned acquisition of Elmos Semiconductor’s automotive chip manufacturing business unit, the Shenzhen-listed acquirer said in a stock exchange filing today. Sai MicroElectronics will continue to prioritize the development of automotive chips and related businesses, according to the filing. The German regulator blocked the deal over national security concerns.Sai MicroElectronics’ filing is attached....
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