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<p>HMG recognises the importance of semiconductor technology to key UK industries,
and the wider digital ecosystem. Supply chains for semiconductors are incredibly complex,
spanning a large number of countries. China has a limited share of the global semiconductor
export market, and is the world’s largest importer of semiconductors.</p><p><strong>
</strong></p><p>The UK Government has outlined its concerns that advanced dual-use
technology and knowledge may be diverted to assist Chinese military programmes. As
an open economy, we welcome foreign trade and investment, including from China, where
it supports UK growth and jobs.</p><p><strong> </strong></p><p>HMG will not accept
investments which compromise our national security, and all investment must meet stringent
legal and regulatory requirements to protect the UK’s national interest. The National
Security and Investment Act 2021, due to come into force later this year, will modernise
and strengthen our national security investment screening powers.</p><p> </p>
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