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Remember when Germany’s @BMWK halted the acquisition of German wafer manufacturer #Siltronic by Taiwanese #GlobalWafers? During an award ceremony yesterday, GlobalWafers CEO Doris Hsu set the record strait re the BMWK’s hesitations:
According to Hsu, 🇩🇪 authorities believed that selling to a company from 🇹🇼 would mean selling it to 🇨🇳 in the long term. They were not worried about "what if" but "when" Taiwan would become the next Hongkong. For Hsu, this was the 1st time nat sec concerns dominated a M&A plan.
The government’s refusal to grant approval to a company from democratic "value partner" Taiwan when the chancellory @Bundeskanzler is ready to sell a stake in Hamburg port to Chinese state-owned company #Cosco is destroying trust in Germany as a partner and business location.
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