Written question asked by Beth Winter (Labour) on Tuesday, 29 November 2022, in the House of Commons. It was due for an answer on Thursday, 1 December 2022. It was answered by Nusrat Ghani (Conservative) on Wednesday, 7 December 2022 on behalf of the Department for Business, Energy and Industrial Strategy.

Nexperia Newport

Question: To ask the Secretary of State for Business, Energy and Industrial Strategy, with reference to his Department's decision entitled Acquisition of Newport Wafer Fab by Nexperia BV: notice of final order, published 16 November 2022, for what reasons it was determined that Nexperia BV should sell at least 86 per cent of Nexperia Newport Limited.

Answer: Following a detailed national security assessment, the Secretary of State for Business, Energy and Industrial Strategy considered that the Final Order requiring Nexperia BV to divest at least 86% of its shareholding in Nexperia Newport is necessary and proportionate to mitigate the national security risks. The Government cannot comment on the detail of those risks, but they are summarised in the notice of the Final Order which is published on GOV.UK.

Secondary information