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China-linked FTDI ordered by UK to sell stake in chip company

By Jon Menon ( November 6, 2024, 11:12 GMT | Insight) -- China-linked FTDI Holding has been ordered to sell 80.2 percent of Scottish semiconductor company Future Technology Devices International, after the UK government raised national security concerns. It's the first time that the newly elected Labour government has vetoed a transaction under the legislation.The UK government has ordered FTDI Holding, a China-linked company, to sell 80.2 percent of Scottish semiconductor company Future Technology Devices International, on national security grounds....

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