Germany likely to block Chinese takeover of Elmos’ chip production

FRANKFURT: The German government will likely block the Chinese takeover of Elmos’ chip factory, the Dortmund-based company said on Monday.

The economics ministry had been examining the sale to competitor Silex, a Swedish company that is a subsidiary of Chinese group Sai Microelectronics .

The deal “will most likely be prohibited” in a “new development”, Elmos said on Monday.