THE British government has ordered China-registered Future Technology Devices International Holding to sell 80.2 per cent of Scotland-based chip company FTDI over national security risks, reports Reuters.
'The order has the effect of requiring FTIDHL to sell FTDI within a specified period and by following a specified process,' the government said in a statement.
The government said it was concerned that the UK-developed semiconductor technology and associated intellectual property could be deployed in ways that were contrary to uk national security.
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'The order has the effect of requiring FTIDHL to sell FTDI within a specified period and by following a specified process,' the government said in a statement.
The government said it was concerned that the UK-developed semiconductor technology and associated intellectual property could be deployed in ways that were contrary to uk national security.
SeaNews Turkey
