Brief: Sai Microelectronics Says German Authority Blocks Its Unit Silex Microsystems From Buying Elmos Semiconductor's Auto Chip Manufacturing Line

Elmos Semiconductor SE

10/11/2022 24:22

Nov 10 (Reuters) - Sai Microelectronics  300456.SZ :
    * SAYS GERMAN FEDERAL MINISTRY OF ECONOMICS AND CLIMATE
ACTION
BLOCKS ITS UNIT SILEX MICROSYSTEMS FROM BUYING ELMOS
SEMICONDUCTOR'S AUTO CHIP MANUFACTURING LINE
    * SAYS "DEEPLY REGRETS" THIS FINAL AND FORMAL DECISION OF
THE
GERMAN GOVERNMENT
    * SAYS IT WILL CONTINUE TO BE OPTIMISTIC ABOUT AND ATTACH
IMPORTANCE TO THE AUTOMOTIVE CHIP INDUSTRY AND RELATED BUSINESS

    Source text
  
Further company coverage:  300456.SZ 
 (Reporting by Hong Kong newsroom)
 ((donny.kwok@thomsonreuters.com; +852 3462 7745;))