Home Ā» The British government reopens a national security investigation into suspected Chinese-funded mergers and acquisitions of sensitive technology companies-BBC News

The British government reopens a national security investigation into suspected Chinese-funded mergers and acquisitions of sensitive technology companies-BBC News

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In 2D-graphene material, carbon atoms are arranged in a honeycomb structure

The British government ordered a national security investigation into another suspected acquisition of a sensitive technology company related to China. The latest investigation involves an attempt to acquire Perpetuus, a Welsh graphene materials company, led by a Chinese scholar.

Graphene is considered a “revolutionary” new material. The UK is a world leader in graphene material research.

Perpetuus in South Wales was established in 2013. The company’s latest annual accounts show that the company’s annual output value in 2020 is only 479,000 pounds. Although the company is small, it is said to have the latest inventions and a quarter of the UK’s graphene plasma output.

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The British Secretary of Commerce Kwasi Kwarteng stated that the reason for opening the investigation was “public interest and national security.”

British government stepped in again

British Secretary of Commerce Kwasi Kwarteng asked the Competition and Markets Agency (CMA) to open an investigation into a plan to acquire Perpetuus, a Welsh company called Taurus Internatioal Ltd, in the morning. It is reported that the leader of the acquisition is a Chinese scholar who works at a university in Wales.

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