The UK High Court rejected FTDI Holding Ltd's plea for a temporary injunction against a government order mandating the sale of its 80.2% stake in a Scottish semiconductor firm. This decision emphasizes national security concerns regarding foreign ownership in critical technology sectors, particularly relating to potential technology transfers to China. The order, issued under the National Security and Investment Act, highlights the UK government’s commitment to safeguarding its technological integrity against foreign influence and interference.
The High Court ruled against FTDI Holding's plea, emphasizing the need for national security precautions when foreign companies gain control over key technology sectors.
The court upheld the government’s order requiring FTDI to sell its controlling stake to mitigate risks of technology transfer to China.
Collection
[
|
...
]