Chinese investments part of influence strategy - German econ minister

Elmos Semiconductor SE

09/11/2022 11:35

BERLIN, Nov 9 (Reuters) - China is pursuing a strategic
approach when it comes to increasing its influence through
investments, said German Economy Robert Habeck after confirming
that the government had blocked a Chinese takeover of Elmos'
chip factory.
    "We're seeing a conscious, strategic approach to exerting
influence and gaining knowledge," especially in the areas of
semiconductors and microchip production, added Habeck. 
 (Reporting by Miranda Murray
Editing by Madeline Chambers)
 ((Miranda.Murray@thomsonreuters.com;))