Nov 10, 2022 08:16 PM

BUSINESS

Germany Blocks Chinese Acquisition of Auto Chip Fab

A subsidiary of China-based semiconductor manufacturer Sai Microelectronics was set to buy the production line for $85 million. Photo: Cellwise

A subsidiary of China-based semiconductor manufacturer Sai Microelectronics was set to buy the production line for $85 million. Photo: Cellwise

The German government has blocked a subsidiary of Chinese chipmaker Sai Microelectronics Inc. (300456.SZ) from acquiring a car chip fab in the western German city of Dortmund, according to a Thursday exchange filing.

Elmos Semiconductor SE was planning to sell the production line, which manufactures 350-nanometer chips used mostly in automobiles, to Sweden-based Silex Microsystems AB, a Sai Microelectronics unit.

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