# UK orders China-registered firm to sell stake in Scottish chip company
Published: 2024-11-07
Category: News
Category URL: https://internationalreleases.com/category/news/
Meta Title: UK Orders China-Based FTDI to Sell Stake in FTDI Over Security Concerns
Meta Description: Government orders China-based FTDI to sell 80.2% of UK chip firm over security concerns. UK-developed technology at risk.
URL: https://internationalreleases.com/uk-orders-china-registered-firm-to-sell-stake-in-scottish-chip-company/

![undefined](https://prod.superblogcdn.com/site_cuid_cm5qsjkhn001iwirgrmrp8k0j/images/2024-11-06t171655z1lynxmpeka50tyrtroptp4china-britain-1736746547608-compressed.webp)

LONDON (Reuters) –     The British government on Wednesday ordered China-registered Future Technology Devices International Holding Ltd to sell 80.2% of Scotland-based chip company FTDI over national security risks.

“The order has the effect of requiring FTIDHL to sell 80.2% of 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.

(Reporting by Muvija M; Editing by Paul Sandle)


---
This blog is powered by Superblog. Visit https://superblog.ai to know more.
---