Also real kicker from 2022:

The UK used its National Security & Investment Act (2021) to order divestment of Nexperia’s Newport Wafer Fab in Nov 2022. The UK ordered them to sell 86% of the stake due to National Security concerns

https://www.gov.uk/government/publications/acquisition-of-ne...

Sell your industry to private equity, this is what happens. Someone who values it will take it up. Many such cases.

> extraordinary move to ensure a sufficient supply of its chips remains available in Europe amid rising global trade tensions.

It’s like they beg China to do something with Taiwan.

This excuse could be used by many countries to seize European companies controlling strategic national resources

this is normalising clepto capitalism, at best, at worst it is a desperate clumsy attempt to fight a battle in a war that is already over