At a glance.
UK puts the brakes on takeover of British design company by China’s Super Orange.
As the British government continues to make efforts to curb Chinese influence in British technology, BBC News reports that the UK has blocked the takeover of Bristol-based electronic design company Pulsic by Hong Kong firm Super Orange HK. Using the National Security and Investment Act as justification, the UK Department for Business, Energy and Industrial Strategy said the buyout was a threat to a national security, as the software developed by Pulsic could be used "to facilitate the building of cutting-edge integrated circuits that could be used in a civilian or military supply chain.” The law, which came into effect in January, gives the government the power to impede business transactions in order to mitigate risks to national security. The Chinese embassy in the UK said of the act, “Any abuse of national security review will only damage the UK's investment environment and long-term interests.” This is not the first time the British government has blocked a business deal in the name of national security; two years ago Chinese mobile provider Huawei was banned from the UK's 5G infrastructure.
TikTok asks US House to revoke cybersecurity advisory.
Last week Catherine Szpindor, Chief Administrative Officer (CAO) of the US House of Representatives, released a memo urging lawmakers to avoid using TikTok, labeling the leading video-sharing service as “high-risk” because it collects user info including biometric ..
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