The British government is exploring ways to remove China’s state-owned nuclear energy company, China General Nuclear Corp (CGN, 中國廣核集團), from all future power projects in the UK, in a further sign that relations between the countries are deteriorating.
Projects potentially at risk include the £20 billion (US$27.5 billion) Sizewell C nuclear power station in Suffolk and the proposed Bradwell-on-Sea development in neighboring Essex, a person familiar with the matter said on condition of anonymity.
CGN is also a 33 percent investor in the Hinkley Point C facility, which is under construction in Somerset and one of the biggest infrastructure projects in the country.
Photo: AP
The move underlines how British Prime Minister Boris Johnson’s administration is hardening its stance toward Beijing.
Johnson has blocked Huawei Technologies Co (華為) from participation in the rollout of Britain’s 5G wireless network and earlier this month, the British National Security Adviser opened a probe into the takeover of the country’s biggest chip plant by Chinese-owned Nexperia NV.
“All nuclear projects in the UK are conducted under robust and independent regulation to meet the UK’s rigorous legal, regulatory and national security requirements, ensuring our interests are protected,” a British Department for Business, Energy and Industrial Strategy spokesperson said in a statement, when asked about the stance. “Nuclear power has an important role to play in the UK’s low-carbon energy future, as we work towards our world-leading target to eliminate our contribution to climate change by 2050.”
News of the CGN plans was first reported by the Financial Times newspaper late on Sunday.
Chinese Ministry of Foreign Affairs spokesman Zhao Lijian (趙立堅) yesterday said: “The British should earnestly provide an open, fair and nondiscriminatory business environment for Chinese companies.”
China and Britain are important trade and investment partners for each other, he added.
“It is in the interests of both sides to conduct practical cooperation in the spirit of mutual benefit and a win-win result,” Zhao said.
Members of Johnson’s Conservative Party have repeatedly expressed concern about China’s increasing involvement in critical aspects of UK infrastructure and in its major educational establishments, such as Cambridge University.
Former party leader Iain Duncan Smith has said that Britain should use its post-Brexit status to put human rights at the heart of trade deals.
Nuclear power is set to play a key role in the government’s commitment to slash greenhouse gas emissions to net zero by 2050.
Although a major investment in offshore wind farms is set to help meet that goal, the country’s transmission network is to rely on nuclear as a backup — nuclear stations are designed to generate energy around the clock, whereas wind power is less predictable.
Additional reporting by Reuters
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday said that its investment plan in Arizona is going according to schedule, following a local media report claiming that the company is planning to break ground on its third wafer fab in the US in June. In a statement, TSMC said it does not comment on market speculation, but that its investments in Arizona are proceeding well. TSMC is investing more than US$65 billion in Arizona to build three advanced wafer fabs. The first one has started production using the 4-nanometer (nm) process, while the second one would start mass production using the
A TAIWAN DEAL: TSMC is in early talks to fully operate Intel’s US semiconductor factories in a deal first raised by Trump officials, but Intel’s interest is uncertain Broadcom Inc has had informal talks with its advisers about making a bid for Intel Corp’s chip-design and marketing business, the Wall Street Journal reported, citing people familiar with the matter. Nothing has been submitted to Intel and Broadcom could decide not to pursue a deal, according to the Journal. Bloomberg News earlier reported that Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is in early talks for a controlling stake in Intel’s factories at the request of officials at US President Donald Trump’s administration, as the president looks to boost US manufacturing and maintain the country’s leadership in critical technologies. Trump officials raised the
‘SILVER LINING’: Although the news caused TSMC to fall on the local market, an analyst said that as tariffs are not set to go into effect until April, there is still time for negotiations US President Donald Trump on Tuesday said that he would likely impose tariffs on semiconductor, automobile and pharmaceutical imports of about 25 percent, with an announcement coming as soon as April 2 in a move that would represent a dramatic widening of the US leader’s trade war. “I probably will tell you that on April 2, but it’ll be in the neighborhood of 25 percent,” Trump told reporters at his Mar-a-Lago club when asked about his plan for auto tariffs. Asked about similar levies on pharmaceutical drugs and semiconductors, the president said that “it’ll be 25 percent and higher, and it’ll
CHIP BOOM: Revenue for the semiconductor industry is set to reach US$1 trillion by 2032, opening up opportunities for the chip pacakging and testing company, it said ASE Technology Holding Co (日月光投控), the world’s largest provider of outsourced semiconductor assembly and test (OSAT) services, yesterday launched a new advanced manufacturing facility in Penang, Malaysia, aiming to meet growing demand for emerging technologies such as generative artificial intelligence (AI) applications. The US$300 million facility is a critical step in expanding ASE’s global footprint, offering an alternative for customers from the US, Europe, Japan, South Korea and China to assemble and test chips outside of Taiwan amid efforts to diversify supply chains. The plant, the company’s fifth in Malaysia, is part of a strategic expansion plan that would more than triple