Tag: debt-trap

Newport Wafer Fab is the UK's largest wafer fab, which produces 20nm processes that are mainly used as automotive wafers.
China Buys UK’s Largest Semiconductor Firm, Raising National Security Concerns
With Beijing facing a chip shortage under U.S.-led global technology sanctions, Chinese companies have been aggressively acquiring global semiconductor plants since the coronavirus pandemic began last year. Its latest purchase was Newport Wafer Fab (NWF),...
Australian Foreign Minister Marise Payne talks to the media during a press conference at Parliament on April 22, 2021 during a visit in Wellington, New Zealand. Payne and Prime Minister Scott Morrison’s federal government cancelled Victoria Premier Daniel Andrews’s Belt and Road Initiative agreements with the Chinese Communist Party, assessing CCP infrastructure and debt trap projects are not in the interests of Australia.
Australia Federal Government Cancels Victoria Belt and Road Agreements
The Australian federal government has revoked agreements signed by Victoria Premier Dan Andrews, which signed the State into the Chinese Communist Party’s (CCP) Belt and Road Initiative (BRI) debt trap and infrastructure projects because the...