British digital secretary Oliver Dowden on Monday invoked an underused power to instruct the country’s antitrust authorities to investigate the merger’s national security implications and to present a report by July 30. The secretary can finally close the deal with or without conditions or nothing.
The national security review complements the agency’s previously announced plans to investigate the agreement on antitrust grounds.
The UK probe is the latest example of how governments around the world are tightening control over semiconductor technology after showing last year how access to advanced microprocessors can make or break some of their biggest businesses.
U.S. export controls on chip technology have jeopardized the ability of China’s Huawei Technologies Co., briefly the world’s leading smartphone maker, to purchase consumables needed to continue manufacturing devices. A global semiconductor …