Germany plans to approve Chinese takeover of Dortmund chip producer Elmos - Handelsblatt

Elmos Semiconductor SE

27/10/2022 10:27

BERLIN, Oct 27 (Reuters) - The German government plans
to approve a Chinese takeover of the chip production of
Dortmund-based company Elmos, business daily Handelsblatt
reported on Thursday, citing government sources.
    The economy ministry is examining the sale of Elmos' chip
factory to competitor Silex, a Swedish company that is a
subsidiary of Chinese group Sai Microelectronics, Handelsblatt
reported, adding approval is expected in the coming weeks.
    The ministry had no immediate comment when contacted by
Reuters.
 (Writing by Paul Carrel, editing by Rachel More)
 ((paul.carrel@thomsonreuters.com))