Berlin also blocked investment in ERS Electronic, which is based in the southern state of Bavaria, government sources told Reuters. A spokesperson for ERS Electronic said there was no plans to sell the company but it had been exploring the option of getting investment from a Chinese private equity firm.Sai Microelectronics said it "deeply regrets" the decision and will study the details to decide on any next steps.
"We have to look at company takeovers closely, when it comes to important infrastructure or when there is a danger that technology flows to buyers from non-EU countries," Economy Minister Robert Habeck said in a statement. Scholz earlier had pushed through a decision to allow China to buy a minority stake in a terminal in Germany's largest port despite opposition from within his coalition.
Communists steal your technology. You can never trust a communist. The west should purge every communist company from our lands.
Bravo, Germany. This is the way.
German Economic Institute: Direct investments by German companies in China have never been so high.....Should there be an economic conflict with China, some companies may even face bankruptcy.