UK blocks Chinese takeover of domestic electronics firm over security risks

London: The UK government has blocked Hong Kong-based firm Super Orange from purchasing British electronic-design company Pulsic, citing security risks posed by China. A statement Wednesday said Britain’s Business Secretary Kwasi Kwarteng “considers that the final order is necessary and proportionate to mitigate the risk to national security”. Pulsic, a small-sized company based in Bristol, western England, designs software used in electronic circuits. Foreign Secretary Liz Truss, the favourite to replace Boris Johnson as prime minister, has urged a tougher approach to China and has warned Beijing of sanctions if it did not play by international rules. A 2021 UK government review called China “the biggest state-based threat to the UK’s economic security”. But it needed fierce political pressure from Washington for the UK to ban Chinese technology giant Huawei from involvement in the roll-out of Britain’s 5G network. Read all the Latest News , Trending News ,  Cricket News , Bollywood News , India News and Entertainment News here. Follow us on Facebook, Twitter and Instagram.