Germany has blocked another Chinese acquisition of a domestic semiconductor company, in a further sign of the government’s tougher approach to protecting its high-tech sector.
Robert Habeck, economy minister, announced the decision on Wednesday, but declined to name the company affected. However, a person familiar with the matter said it was ERS Electronic, a tech group based in Bavaria that was to have been acquired by a Chinese investor.
ERS makes thermal chucks that are used to hold semiconductor wafers in place while they’re being probed. The decision to block the deal was first reported by Handelsblatt.
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